Mirza Ikhtiar Baig

Dr. Baig appreciate Modaraba based financing for SMEs

Dr. Mirza Ikhtiar Baig Senior Vice President FPCCI & Chairman FPCCI standing committee on Banking, Credit & Finance appreciated State Bank of Pakistan allowing Modaraba based refinance scheme for working capital financing of SMEs and medium enterprises, the financing has been allowed for information, technology, furniture, gems & jewelry, leather industry, surgical goods, dates processing, fruit & vegetable, food processing and packaging and printing with turn over Rs. 300 million with maximum financing limit of Rs. 50 million under PIFI.

Dr. Baig said it will facilitate small & medium enterprises for working capital needs which was an overdue demand of FPCCI with the central bank. 

This site uses Akismet to reduce spam. Learn how your comment data is processed.