KARACHI: In a bid to unlock the potential of the country’s small and medium enterprises (SMEs), the State Bank of Pakistan (SBP) on Thursday announced a comprehensive review of the prudential regulations for SME financing. The move aims to promote sustainable, responsible and inclusive access to finance for the sector.

According to the central bank, the revised regulations are intended to make the framework more principles-based, remove structural barriers to lending and encourage banks to extend credit to SMEs. New rules have also been introduced alongside amendments to existing ones.

SMEs have long been neglected........

© Dawn Business