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Baner Club > Blog > Business > Lending limits for SMEs and industries are increased by State Bank.
BusinessPakistan

Lending limits for SMEs and industries are increased by State Bank.

For medium-sized businesses, the loan availability cap has increased by 150%, and for small businesses, it has increased by 300%.

Last updated: 2024/10/09 at 1:08 PM
Published October 9, 2024
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With certain modifications to its SME Loan Regulations, the State Bank of Pakistan (SBP) has made a major move to promote industries and small and medium-sized businesses (SMEs) by raising loan ceilings.

As per the latest circular released by the State Bank on the modified lending restrictions, companies can now obtain loans of up to Rs. 500 million for medium-sized enterprises and up to Rs. 100 million for small enterprises. With the limit for small firms increased by 300% and for medium-sized businesses by 150%, this represents a significant increase in the availability of loans.

Experts predict that this program will boost borrowing by the private sector, especially in light of the recent interest rate reduction.

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BanerClub October 9, 2024 October 9, 2024
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Previous Article Foreign Pakistanis sent $8.8 billion in remittances in dollars, setting a new record.
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