SBP vows to provide more facilities for export sector

KARACHI: Deputy Governor State Bank of Pakistan Sima Kamil has assured that Small & Medium Enterprises (SMEs) sector would be facilitated on priority basis. She was addressing a meeting at the Korangi Association of Trade & Industry (KATI) here on Monday. Patron-in-Chief of KATI SM Muneer, President Saleem-uz-Zaman, Chairman & CEO KITE Zubair Chhaya, Senior Vice President Zaki Sharif,Vice President Nighat Awan, Head of KATI’s standing committee on banking Tariq Malik, Former Presidents Masood Naqi, Ehtisham Uddin, Johar Qandhari and others also addressed the occasion. More relaxation in policies for exporters and direct coordination between SBP and business community was also discussed. Formation of a combined committee for SMEs was also agreed.
Deputy Governor (DG) of SBP informed that for loan and finance packages and medical facilities SBP has provided 1.3 trillion Rupees. She said that for easy transfer of remittance and investment opportunities Roshan Pakistan and other schemes have been introduced. She also mentioned that Industries could also take benefit from Temporary Economic Refinance Fund (TERF) which was a very beneficial incentive for industry. Sima Kamil also urged women entrepreneur to avail opportunities introduced by SBP schemes.
SM Muneer said that remittance have increased historically and exports have been doing well, PM Khan should be praised for his efforts in this regard. He said that process of payments of exporters due should be reformed and speedy. He mentioned that some sections of society pointed fingers to malign over security institution which is not acceptable, we stand firm with the armed forces of our country as they are the protector of this country.
President KATI Saleem-uz-Zaman said that during tough times SBP had taken some timely decisions and provided great relief to exports and industries. He said that financial health and improved environment should be the first priority of the government and financial institution.
Zubair Chhaya said that while many schemes for business community were introduced by SBP but there is a need to spread the word to relevant sectors in effective manner. He mentioned that industrial associations can play a great role for effective awareness of such schemes. Tariq Malik applauded the decision of reducing interest rate 625 bases point by state bank and termed it as a great contribution for industry. Masood Naqi said that financial regulations for exporters and industry should be seen with the paradigm of economic prosperity and growth. Senior officials of SBP also answered question of industrialists on this occasion.