SIALKOT: The State Bank of Pakistan (SBP) will soon provide soft business loans to enable small traders to expand their businesses.
State Bank of Pakistan (SBP) Deputy Director Iqbal Hussain stated this while addressing an important meeting of traders and industrialists at the Gujranwala Chamber of Commerce and Industry (GCCI).
GCCI President Khawaja Khalid Hassan and SBP Zonal Chairman Khawaja Zarar Kaleem were also present.
SBP Deputy Director Iqbal Hussain said that the central bank had evolved a comprehensive strategy to give a boost to small industrial estate sector, besides encouraging small traders and industrialists to take full advantage and benefit of the SBP’s soft loans schemes.
On the occasion, GCCI President Khawaja Khalid Hassan said that small and medium enterprises (SMEs) had always played a pivotal role in giving a boost to the economy of any country; thus it “has become vital to encourage SMEs at every level”.
He stressed the need for proper encouragement and promotion of the SMEs to ensure early provision of a strong industrial base, enabling the SMEs to utilise all their abilities for the promotion of their businesses through ensuring their easy and smooth access to the new international trade and export markets.
Khawaja Khalid Hassan asked Gujranwala-based industrialists, manufacturers and traders to get maximum awareness about the latest marketing techniques, technology, material, information and international quality standard in order to overcome challenges.
