SMEs granted Rs 334 billion loans: National Assembly informed

Total Rs 334 billion loans have been granted by the commercial banks for the development of small/cottage industries in the country up to December 31, 2010. In a written reply to a question in the National Assembly, Finance Minister Hafeez Sheikh said that commercial banks have their own credit policy, duly approved by their Boards of Directors.
They are further supposed to adhere to Prudential Regulations, issued by State Bank of Pakistan (SBP) on small and medium enterprises (SMEs).