Pakistan sets Rs2.2 trillion SME lending target for 2028

Prime Minister Shehbaz Sharif has directed authorities to raise total financing for Pakistan’s small and medium-sized enterprises to Rs2.2 trillion by 2028, doubling the Rs1.1 trillion benchmark cited at a meeting on reforms to the Small and Medium Enterprises Development Authority.The instruction, issued on Monday and reported by Radio Pakistan, APP and independent outlets, places access to credit at the centre of the government’s effort to encourage business creation and expansion.