PIAF, LCCI take up refinancing issues with SBP.

Lahore -- The Pakistan Industrial and Traders Association Front, while taking up its concern with the central bank officials over the implementation of various refinancing schemes for industry to deal with the challenges posed by coronavirus, urged the authorities to also ensure provision of this facility by the commercial banks on urgent basis to the small businesses, which are facing severe financial crisis.

The PIAF chairman Mian Nauman Kabir and LCCI president Irfan Iqbal Sheikh, in an online meeting with SBP chief manager Javaid Iqbal Marath, urged him to simplify the procedures to obtain loans under refinancing scheme, besides restricting all commercial banks to facilitate the trade and industry especially the documented and registered SMEs. The central bank should take serious action against those commercial banks which are refusing to facilitate the businesses, he suggested.

The meeting was attended by a large number of PIAF members, senior vice...