KATI urges banking sector to prioritize SMEs Sector.

KARACHI -- President of Korangi Association of Trade and Industry(KATI) Sheikh Umer Rehan has said that Small and Medium Enterprises(SMEs) should be to priority of Banking sectors, it is need of time for economic prosperity and employment opportunities. He was speaking to a high level delegation of Habib Bank Limited(HBL) headed by President and CEO Muhammad Aurangzeb. On this occasion Head of KATI's standing committee on Banking Tariq Malik, Senior Vice President Muhammad Ikram Rajput, Vice President Syed Wajid Hussain and others also expressed their view. Sheikh Umer Rehan said that after increased rate of interest investment opportunities had affected adversely, especially in industrial sector.

He said development of SMEs is the only solution to economic woes of Pakistan. He urged that bank should introduce SME specific financing policies and products. He also briefed the delegation regarding the economic significance and production capabilities of Korangi Industrial Area. President and CEO of HBL Muhammad Aurangzeb said that the bank will stand fast with...