'SBP to launch awareness sessions about economic issues'

13 Dec, 2014

FAISALABAD: State Bank of Pakistan (SBP) Chief Manager Aamir Aziz Bhatti said the SBP will launch a comprehensive awareness sessions on economic and financial issues.

Addressing the executive committee members of FCCI, he underlined the importance of role of business, trade and industry in the national development and said that banks were making serious efforts to facilitate the trade and industry.

He said the private sector was an engine of the economic growth and the country could earn foreign exchange and taxes in addition to generating new jobs by developing SMEs on modern lines.

Regarding alternate energy sources, Aamir Bhatti said the State Bank of Pakistan had allocated sufficient funds for it with only 11.5 percent mark up. He said industrialists should utilize this facility to fulfill their energy related needs.

He said out of 180 million populations only 3.6 million people had bank accounts and out of these some has two to three accounts. Thus the overall ratio of account holders is only 10 percent he said and added that this ratio should be increased for the promotion of the business sector on healthy lines.

He said he had already issued instructions to share information with the FFCI and other trade bodies that were received form Karachi office.

Copyright APP (Associated Press of Pakistan), 2014

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