SME financing unlikely to increase despite govt assurances, say experts D_Trends

SME financing unlikely to increase despite govt assurances, say experts D_Trends

KARACHI: Despite government promises of bank financing with risk coverage, experts believe small and medium enterprises (SMEs) are unlikely to see an increase in funding during the current fiscal year. Sources within the banking sector indicated on Saturday that the unfavorable interest rates and the government’s own liquidity challenges are major obstacles. The government, facing … Read more

Pakistan gets $12bn rollover assurances from friendly nations: FinMin Aurangzeb D_Trends

Pakistan gets bn rollover assurances from friendly nations: FinMin Aurangzeb D_Trends

Pakistan Finance Minister Muhammad Aurangzeb speaks during an interview with Reuters at his office in Islamabad, Pakistan July 19, 2024. — Reuters Rollover to be granted in deposits across 3 to 5 years, finmin says. Countries to renew rollover every year to support Pakistan, he adds. IMF informed about development, says Muhammad Aurangzeb. After Islamabad received … Read more