State Bank of Pakistan directs local banks to develop digital supply chain finance solutions for SMEs within 6 months.

State Bank of Pakistan (SBP) directs local banks to develop & implement digital supply chain finance (SCF) solutions for SMEs within 6 months. This aims to increase SMEs' access to finance, digitize retail payments, improve operational efficiency, reduce costs, and strengthen risk management practices. Banks must either create their own digital SCF solutions or partner with Fintech service providers.