LAHORE: The State Bank of Pakistan (SBP) and the Small and Medium Enterprises Development Authority (SMEDA) Tuesday agreed to make joint efforts for facilitating SME's access to finance.
This was said at a meeting between a team of SMEDA financial experts and CEO SMEDA Sardar Ahmad Nawaz Sukhera at SMEDA office here on Tuesday.
The team said that in line with SMEDA's new mission to build partnerships for catalyzing growth and development of SME sector, meetings were held last week with senior officials of the State Bank at Karachi to discuss the scope of mutual cooperation of the two organizations for enabling SME's access to finance.
SMEDA has identified various instruments that could be developed for increasing SME's access to finance, including sector specific programme lending schemes as well as mechanisms for building capacity of commercial banks in risk assessment of SME clients.
The SMEDA's experts while visiting SBP head office also met with Syed Irfan Ali, Director, Payment Systems Department to discuss E-Payment Gateway for SMEs in order to promote E-Commerce in Pakistan, the team further informed.
Speaking on the occasion, the SMEDA CEO said that building partnerships with SBP for facilitating SMEs access to finance will prove to be instrumental in creating new enterprises, scaling up production of existing firms and enhancing competitiveness.
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