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Articles for tag: business, Funding, gaps, highlighted, Lahore, Latest, Report, SMEs

January 9, 2026

News Desk

The funding gaps of SMEs were highlighted in the Lahore report

Chamber urges easier credit, cash flow lending and support for women entrepreneurs Lahore Chamber of Commerce and Industry. Photo: archive LAHORE: The Lahore Chamber of Commerce and Industry on Thursday organized the SME Finance and Banking Expo to provide small and medium enterprises with instant access to banking facilities, financing programs and financial products. According to a statement, the day-long event was attended by almost all major commercial banks, Islamic banks and financial institutions operating in the country. Banks set up special stalls where a large number of LCCI members visited to get information on SME-focused financing products, refinancing schemes,

March 29, 2025

News Desk

SMEs face e -commerce congestion

Listen to the article Lahore: Pakistan’s small and medium -sized enterprises are trying to cover up the worldwide e -commerce eruption, but their journey is not easy and is full of many infrastructure congestion points such as unreliable internet, obstacles of payment and lack of confidence in online markets to mention. There are several estimates of the current size of the e -commerce sector. According to payment and commercial information (PCMI), a subsidiary of the US market market, the total volume of e -commerce in Pakistan in 2024 was $ 7.7 billion, while retail e -commerce was $ 5.4 billion.

March 7, 2025

The Pakistan Daily

Govt working to promote small, medium-sized businesses: PM Shehbaz

Prime Minister Shehbaz Sharif has said the government is working on a priority basis to promote small and medium-sized businesses. He was chairing a steering committee meeting of the Small and Medium Enterprises Development Authority (SMEDA) in Islamabad. The Prime Minister directed SMEDA to recruit skilled personnel from the market and ensure transparency in hiring an international-standard workforce with salaries competitive with market rates. He highlighted the importance of professional training for labour in the SME sector. He acknowledged SMEDA’s significant role in boosting the rural economy and directed the formulation of a plan to extend SMEDA’s interest-free loan program

January 21, 2025

News Desk

SMEs are vital to boosting the export chain

LAHORE: Small and medium enterprises (SMEs) play an important role in Pakistan’s economy, acting as an integral part of the supply chain for key export industries such as textiles, food processing and engineering. This was stated by the Managing Director of Pakistan Furniture Council Mian Kashif Ashfaq during a meeting with a delegation of industrialists, led by the Coordinator of the Minister of State and Federal Tax Ombudsman Muhammad Farhan Munir Arain. Ashfaq pointed out that manufacturing-based SMEs receive only 5.3% of bank lending in the entire manufacturing sector and a nominal 11.5% in the construction sector. He stressed that

May 24, 2024

News Desk

One window facility, cheap loans for SMEs are sought

KARACHI: Industrialists and analysts called on the government to help boost the growth and development of small and medium enterprises (SMEs), with a particular focus on the auto parts industry, with the aim of creating a stronger and more dynamic economic landscape. Presenting budget proposals for the financial year 2024-25, they called for a complete ban on the import of used vehicles to boost the ailing local auto industry. Those who presented the proposals include eminent auto parts experts and Mehran Commercial Enterprises Export Manager Export Mashood Khan, automotive sector analyst Muhammad Sabir Sheikh and some businessmen running SMEs in

April 18, 2024

News Desk

SMEs to receive affordable credit facilities

Islamabad: The government has drawn up a plan to provide affordable credit facilities to small and medium enterprises, which are considered a vital part of the economy and provide a large number of job opportunities. The matter was discussed in a recent cabinet meeting while discussing acceptance of resignation submitted by SME Bank Limited Chairman and Managing Director Tahir Hassan Qureshi and appointment of a new person at the helm. During the conversation, the role of small and medium enterprises (SMEs) in the development of Pakistan’s economy through the provision of affordable credit was discussed in detail. Cabinet members considered

April 7, 2024

News Desk

PBF supports 25% capital allocation for SMEs

LAHORE: The Pakistan Business Forum (PBF) has proposed that in the upcoming budget at least 25% of concessional financing, including the export financing scheme, should be allocated exclusively to Small and Medium Enterprises (SMEs) in the export sector. This strategic allocation will not only support the development of small sectors but also promote a more inclusive and sustainable economy. During a meeting with members of Pakistan Cotton Ginning Association, PBF President Khawaja Mehboob ur Rehman, said that State Bank of Pakistan (SBP) may revise its credit policies by setting a special quota for financing SMEs. He noted that only large

January 13, 2024

News Desk

A credit company for SMEs was established

Islamabad: The Ministry of Finance and Karandaaz on Friday launched Pakistan’s first special credit guarantee company, National Credit Guarantee Company Limited (NCGCL), aimed at providing financial assistance to small and medium enterprises. The inauguration ceremony was attended by representatives from the British High Commission, the Association of Chartered Certified Accountants (ACCA), the State Bank of Pakistan and the Ministry of Finance. NCGCL will contribute to improving financial accessibility through special credit guarantee facilities with special focus on expanding financial access for small and medium scale enterprises. Speaking on the occasion, Federal Minister for Finance, Revenue and Economic Affairs Dr. Shamshad

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