Pakistan PM orders banks to speed up loans for farmers and SMEs
Prime Minister Shehbaz Sharif in Islamabad on Monday directed the State Bank of Pakistan and the Ministry of Finance to act against banks delaying loans to priority sectors.
Meeting focuses on credit delays
The prime minister chaired a review meeting regarding the disbursement of funds for agriculture, housing, and small businesses. He stated that institutions failing to provide these loans should not receive any concessions from central authorities.
Government prioritizes economic growth
Shehbaz Sharif emphasized that developing SMEs and the housing sector are top priorities for strengthening the national economy. He noted that banks performing well in financing these areas play a key role in creating employment opportunities.
Tax issues to be resolved
The prime minister asked the State Bank of Pakistan and the Federal Board of Revenue to jointly address tax problems facing exporters. He also requested a comprehensive strategy to cover risks associated with lending to these priority sectors.
2 outlets, different leads
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Business Recorder
PM Shehbaz directs banks to speed up lending to SMEs, farmers, home buyers
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Dawn
PM directs no leniency for banks slow in providing loans to farmers, SMEs
Reported by
2 independent outlets. Headlines as published. Links open the original report.