During a review meeting focused on credit accessibility, the Prime Minister of Pakistan instructed the State Bank and the Ministry of Finance to withhold concessions from financial institutions that lag in providing loans. The directive specifically targets banks failing to expedite credit for farmers, small and medium-sized enterprises, and participants in the Apna Ghar housing initiative. While acknowledging the efforts of banks that have successfully supported these government-backed programs, the premier emphasized that sluggish performance in these critical areas is unacceptable. The government aims to bolster economic growth and create employment opportunities for the youth by ensuring that credit reaches these essential sectors. Officials have been tasked with monitoring bank performance to ensure compliance with these lending objectives, signaling a stricter approach toward institutions that do not align with national development priorities.
Source : The Express Tribune
Photo : The Express Tribune
Aussi couvert par : The Express Tribune
