Government’s decision to provide riskcoverage to banks for growth in SME Sector.

KARACHI PAKISTAN : In line with the Government’s efforts to give impetus to the SME sector, the State
Bank of Pakistan (SBP) has recently conveyed its strong resolve to support the
banking sector by issuing a risk coverage scheme, which will help the banking
sector to double its SME exposure to Rs. 1.1 trillion during the next five years.
These strategic measures being implemented with the support of Pakistan Banks’
Association (PBA) dedicated taskforces, in collaboration with the Ministry of
Finance, are expected to provide significant support to driving robust economic
recovery and sustainable development in the country.