Govt to Punish Banks Delaying Loans to 3 Sectors
Prime Minister Shehbaz Sharif has directed the State Bank of Pakistan (SBP) and the Finance Ministry to take action against … Read More The post Govt to Punish Banks Delaying Loans to 3 Sectors appeared first on ProPakistani .
Prime Minister Shehbaz Sharif has instructed the State Bank of Pakistan and the Finance Ministry to penalize financial institutions that are tardy in providing loans to three key sectors: farmers, small and medium enterprises (SMEs), and beneficiaries of the Prime Minister's Apna Ghar housing initiative. During a review meeting in Islamabad focusing on expanding credit access to these priority sectors, the prime minister emphasized that boosting financing for SMEs, housing, and agriculture is crucial for economic growth and employment generation.
He commended banks that have excelled in facilitating loans under government schemes, while urging all financial institutions to match the level of support they receive from the government and its entities.
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