Bok's mission to facilitate business community.

PESHAWAR -- Managing Director, Bank of Khyber (BoK), Mohammad Ali Gulfaraz has said that the bank has a clear policy about Small and Medium Enterprises (SMEs) and our major mission is the facilitation of the business community in all aspects.

He was addressing a consultative meeting in the Regional Office of the Federation of Pakistan Chamber of Commerce and Industry (FPCCI) here on Tuesday. Besides, the office bearers of FPCCI, the representatives of the industries department, KP Economic Zones Development and Management (KP-EZDMC), Small Industries Development Board, KP TEVTA, KPITB, Mohmand Chamber, Peshawar Chamber of Small Traders and Industry and others participated in the consultation.

The meeting reviewed the progress of the consultation process with various departments of the provincial government for the development of the industrial sector and the resolution of the issues of the business community.

The MD BoK said that they are looking into the matter of non-performing loans (NPLs) and are also determined for launching new schemes.

He said that presently policy rate in the country has climbed to 20%, but the regional rate is...