ICCI for re-activation of SME Bank to promote SME sector.
ISLAMABAD -- Ahsan Zafar Bakhtawari, President, Islamabad Chamber of Commerce and Industry (ICCI) on Wednesday urged the government to re-activate the SME Bank to provide easy financing options to the SME sector as its winding up would deprive SMEs of the affordable credit facility.
He said that already SMEs are facing great problems in getting credit from banks as the SME sector in Pakistan receives only 6-7% of the private sector financing as compared to 25% in Bangladesh and 18% in India.
He said that the closure of SME Bank would create more hurdles for SMEs in expansion and growth. He said this while talking to a delegation of...
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