SEDF and NCGCL sign MoU to enhance access to finance through Credit Guarantees

KARACHI: The Sindh Enterprise Development Fund (SEDF) and the National Credit Guarantee Company Limited (NCGCL) have formalized a landmark Memorandum of Understanding (MOU) aimed at advancing financial inclusion and fostering enterprise development across Sindh.

This strategic alliance seeks to broaden access to affordable financing for Micro, Small, and Medium Enterprises (MSMEs/SMEs) by leveraging synergies and harnessing the complementary strengths of both institutions through targeted initiatives.

Under the MOU, NCGCL will extend credit guarantees to participating financial institutions, thereby de-risking lending and encouraging cash-flow-based financing for creditworthy borrowers who lack sufficient collateral. In parallel, SEDF will provide mark-up (KIBOR) subsidy to reduce the cost of borrowing for the SMEs/MSMEs, creating a powerful enabling framework for investment across priority sectors. Together, these measures will catalyze innovation, strengthen rural economies, and foster inclusive growth across Sindh.

The signing ceremony was graced by Syed Qassim Naveed Qamar, Special Assistant to the Chief Minister Sindh for Investment Department and PPP Projects, and Zubair Ahmed Channa, Secretary Investment, Government of Sindh.

The agreement was signed by Khizar Pervaiz, CEO-SEDF, and Ammar Habib Khan, CEO-NCGCL, in the presence of distinguished dignitaries from the public and private sectors. Notable attendees included Salim Reza (Former Governor, State Bank of Pakistan; Chairman, Karandaaz Pakistan), Shahid Ghaffar (Former Commissioner, SECP; Chairman, HBL Asset Management), Kashif Umar Thanvi (Chairman, NCGCL), and Waqas ul Hassan (CEO, Karandaaz).

Copyright Business Recorder, 2026