Czech envoy assures support to promote trade and investment with Pakistan

KARACHI: The Ambassador of Czech Republic Tomas Smetanka has assured that Czech Embassy would provide accurate information about Pakistan to the Czech businesses and investors to promote trade and investment ties between the two countries. Czech Ambassador mentioned that during the last three to four years, the trade exchange stood… Continue reading

KATI calls to facilitate women entrepreneurship

KARACHI: President of Korangi Association of Trade & Industry (KATI) Sheikh Umer Rehan has underlined the importance of financing and consultancy facilities to women entrepreneurs to enhance their role in SME sector. He was talking to a delegation of HBL Nisa that visited KATI. Vice President KATI Syed Wajid Hussain,… Continue reading

UK-funded Karandaaz to Promote Sustainable Energy and Economic Development

Islamabad: A UK commitment to provide financing for renewable energy and energy efficiency to Pakistan’s industrial Small and Medium Enterprises (SME) sector has been signed by the Department for International Development (DFID). As part of DFID’s Sustainable Energy and Economic Development (SEED) programme, Karandaaz will invest over £15 million to… Continue reading

UNISAME sends SOS to Commerce Ministry

KARACHI: President UNISAME Zulfikar Thaver has sent SOS to the Adviser on Commerce Abdul Razzak Dawood stating that finance had become unaffordable, utilities have become costly, logistics expensive and raw material beyond reach of SME textile, rice, sports, surgical, cutlery, leather, carpets, light engineering and foodstuffs units. [the_ad id=”32940″]“The SME… Continue reading

Karandaaz Pakistan Launches a Portal on Financial Services Indicators for Pakistan

Islamabad: Karandaaz Pakistan has launched an online data portal with aggregated data on financial services and selected socioeconomic indicators for the country. The data is classified by segment—SME, Agriculture, Branchless Banking, Demographics—and also allows for detailed visualization by province, gender, age, etc., where available. Drawing on publicly available information from… Continue reading

SBP urges SMEs to take benefit from SME Finance Policy and Refinance Facilities

KARACHI: While speaking to SMEs based in Sialkot, Syed Samar Hasnain, Executive Director, State Bank of Pakistan (SBP) said that State Bank has put in place number of refinance facilities both for purchase of plant & machinery for SMEs and working capital finance for special sectors.[the_ad id=”31605″]In meetings with manufacturers… Continue reading

Tadawul unveils structural Changes to Nomu, parallel market for SMEs

RIYADH: The Saudi Stock Exchange (Tadawul) has announced a series structural changes to Nomu – the Parallel Market aimed at supporting the growth, development and sustainability of the market, increasing the number of listed companies on Nomu and enhancing the market liquidity. The changes come after two years of launching… Continue reading

State Bank of Pakistan issues three Shariah compliant refinance schemes

KARACHI: State Bank of Pakistan has issued three Shariah Compliant Refinance Schemes that are expected to provide level playing field to the Islamic banking industry. Currently, SBP offers various subsidized refinance facilities to the banks / DFIs to channelise the funds into priority sectors. It is worth mentioning here that… Continue reading

SME finance by banking industry achieves historic high of over half-a-trillion rupees

KARACHI: SME financing by banks in Pakistan has first time crossed the milestone of Rs 500 billion. SME financing was recorded at Rs 513 billion at the end of CY 2018 compared to Rs 450 billion in the corresponding period last year, exhibiting growth of 14 percent. The growth in… Continue reading

Business leaders happy with the Finance Supplementary 2nd Amendment Bill

KARACHI: The business community has appreciated the PTI government for proposing reforms and incentives for the trade and industry through the Finance Supplementary 2nd Amendment Bill on Wednesday. President Federation of Pakistan Chambers of Commerce & Industry (FPCCI) Daru Khan Achakzai appreciated the economic reform package announced by the Finance… Continue reading

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