Industry seeks long-term SME loans at 2%
Industry seeks long-term SME loans at 2%
The Federal B Area Association of Trade and Industry (FBATI) has demanded that the interest rate on long-term loans for small and medium-sized enterprises (SMEs) be reduced to 2% annually. FBATI President Raza Hussain has sent a letter to the State Bank of Pakistan (SBP) governor, urging the central bank to introduce a fixed-rate financing scheme for the revival of small industries. The letter said SMEs were facing...