Rs2trn target set for SME financing
ISLAMABAD: The government has set an ambitious target to nearly double SME financing to Rs2 trillion and increase the number of potential borrowers to 775,000 by June 2028, as the Finance Ministry pushed banks and other financial institutions to accelerate lending to businesses, farmers, homebuyers, and other underserved segments. Federal Minister for Finance and Revenue, Muhammad Aurangzeb,…
The Finance Ministry of Pakistan has set an ambitious target to nearly double SME financing to Rs2 trillion by June 2028, with the aim of increasing the number of potential borrowers to 775,000. This target was discussed during the fifth meeting of the Access to Finance Steering Committee, chaired by Federal Minister for Finance and Revenue, Muhammad Aurangzeb.
The committee reviewed progress on SME financing, noting an improvement in lending, with outstanding SME finance increasing by Rs 23 billion from June 2026 to over Rs 1.137 trillion by the end of September 2026. The Finance Minister emphasized the need for an ecosystem-wide approach, including commercial banks, microfinance institutions, and other financial service providers, to achieve the target.
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