PM Shehbaz directs banks to speed up lending to SMEs and farmers
Prime Minister Shehbaz Sharif Monday said improvement in the economy and employment provision to youth through development of small and medium enterprises, housing and agriculture sectors was the top priority of the government. He was chairing a review meeting on facilitation of credit provision to priority sectors. In his remarks during the meeting, he said, […]
Prime Minister Shehbaz Sharif chaired a review meeting on Monday regarding the facilitation of credit provision to priority sectors. According to the Daily Times, the government's top priority is improving the economy and providing employment to youth through the development of agriculture, housing, and small and medium enterprises (SMEs).
Dawn reports that the Prime Minister directed the State Bank of Pakistan and the Ministry of Finance to show no leniency toward banks that are slow in providing loans to farmers, SMEs, and consumers under the Prime Minister’s Apna Ghar Scheme. Launched in April, the Apna Ghar Scheme provides housing and construction loans of up to Rs10 million through easy installments.
While the Prime Minister noted that banks demonstrating good performance in providing loans for these government initiatives are commendable, he emphasized that banks are essential for private sector development and are expected to cooperate in extending loans to priority sectors.
Brief written by urgent.news from Daily Times, Dawn, Dawn - Pakistan — 3 reports on this story. Machine-written — may contain errors; check the original before relying on it.
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- PM Shehbaz seeks faster loans for farmers, businesses dailytimes.com.pk
