SARGODHA: The State Bank of Pakistan (SBP) has allocated Rs270 billion for extending loans to agriculture and Rs200 billion for small and medium enterprises without guarantee.
Addressing a Bank Finance Mela, organised by the Small and Medium Enterprises Development Authority (Smeda), the Sargodha Chamber of Commerce and Industry (SCCI), and SBP Faisalabad on Monday, SBP’s Director Karachi Dr Saleem said that the central bank would ensure that loans are properly distributed to prop up the regional and national economy. Banking Committee Chairman Zahid Saeed said that banks had increased their profits by billions of rupees by imposing ‘unfair’ mark-up and service charges on the business community and consumers.
Published in The Express Tribune, March 1st, 2011.
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