SBP raises loan limits for SMEs, offers incentives for exchange companies to boost remittances.

The State Bank of Pakistan (SBP) has raised loan limits for small and medium enterprises (SMEs) to Rs100 million and Rs500 million, respectively, to stimulate private sector borrowing and economic growth. Additionally, SBP has introduced enhanced monetary incentives for exchange companies to boost remittances, offering up to Rs4 per dollar for incremental remittances. These changes aim to strengthen foreign exchange reserves and support local entrepreneurs.

October 09, 2024
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