Key Points:
- SBP mandates banks to expand agriculture and SME finance portfolios by mid-2025.
- Vision 2028 targets Rs 1,000 billion for agri-finance and Rs 1,100 billion for SME financing by June 2025.
- Emphasis on digital solutions to enhance financial access and reduce cash circulation.
Karachi (SBP Press Release) – The State Bank of Pakistan (SBP) and the Pakistan Banks Association (PBA) are intensifying efforts to foster economic growth and financial inclusion through targeted initiatives in agriculture, small and medium enterprises (SMEs), and digital technology.
SBP and PBA are working closely to support commercial banks in increasing lending to these vital sectors, aiming for sustainable growth and inclusivity in Pakistan’s banking industry.
Chairman of PBA, Zafar Masud, highlighted the importance of these initiatives, affirming PBA’s commitment to driving sustainable growth in key economic sectors.
The Finance Minister of Pakistan has shown personal interest in these initiatives, emphasizing their strategic importance.
