Money, Finance and Banking Blog in Pakistan
Posts tagged SME
ABL Chief Executive Calls for Simplifying Prudential Rules
Jul 30th
Chief Executive Officer, Allied Bank Limited (ABL), Muhammad Aftab Manzoor has emphasized the need of simplifying prudential rules for financing Small and Medium Enterprise (SME) sector.
Speaking at 9th meeting of Banking and Insurance sub-committee of Karachi Chamber of Commerce and Industry (KCCI), he said that the bank giving priority to improve its services and cater the need of SME and agriculture sector”.
“Banks are facing difficulties in financing SME sector, as companies do not provide necessary document and complete requirements. Banks can not operate in dark”, he added.
The CEO said that at present we have to live with prudential rules. However More >
HBL to Start Small Business Finance
Jul 11th
Habib Bank Limited would soon start Small Business Finance to help support small and medium enterprises (SME) in the country, said Mubashir Maqbool, Head of Retail and Commercial Banking.
He said this in a meeting with businessmen at the Karachi Chamber of Commerce and Industry (KCCI) on July 9, 2009.
Although the banking sector of Pakistan is facing tough times, Habib Bank Limited (HBL) is trying to reach small businessmen through its countrywide network of 1,450 branches, he said, adding HBL also has one of the largest networks of branches in the world with 55 branches in 25 countries.
Replying to a question More >
Sindh Government to Establish Sindh Bank
Jun 18th
Sindh government has announced to establish the Sindh Bank, reports Online News Network. The announcement was made by Sindh Chief Minister Qaim Ali Shah on Monday, June 15, 2009, while unveiling provincial budget for the fiscal year 2009-10.
Sindh Bank (SB) will be a commercial venture, and the majority shares and the management will be held by the private sector. The bank would have a major component of micro finance and agriculture credit targeting farmers in rural Sindh and small enterprises in urban slums.
A decision to this effect had been taken last year, however, Mr Shah said, it was held back More >
Quick Look on Alfalah Karobar Finance
Jun 2nd
Alfalah Karobar Finance (AKF) is a running finance facility of Bank Alfalah Limited for procurement of raw material, finished goods and other working capital requirements of the business. It could provide financing between Rs 0.5 million and Rs 10 million. It is tailored for small and medium enterprises (SMEs) for their working capital requirements.
At Bank Alfalah, 86 branches are designated to deal with Alfalah Karobar Finance.
Prospective clients would be Pakistani nationals, individual or sole-proprietors in the same business for the last three years, and with age up to 60 years. They could offer residential, commercial or industrial property for mortgage – More >
