The Company was granted the Certificate for commencement of business on January 28, 2003 and under an arrangement with SME
Bank Limited, the assets and liabilities of the leasing division of SME
Bank Limited were transfer to the Company on January 31, 2003.
class="text-2xl mt-4 leading-tight Na zaiatku bola jednoducha myslienka - preo by sme
neobetovali trochu nasho voneho asu a neskasili vytvori osi vynimone.
The MoU was signed by Abdulaziz Al Mazami, head of SME
Support, and Mohammad Ali Al Hamadi, first partner in Mohammad Ali Al Hamadi Advocates, in the presence of representatives from both organisations.
In his address, Syed Samar Hasnain, the Executive Director State Bank of Pakistan, informed the participants that the distinct feature of the Mela was that the banks offering various SME
products get connected with the SMEs
desirous of availing financing facilities.
In this situation, it is predicted that SME
would be the main beneficiaries of the opportunities produced under the CPEC.
The substantial increase in SME
financing is mainly attributable to implementation of the policy for promotion of SME
finance issued by the State Bank of Pakistan in December 2017.
'The growth in SME
financing was even more prominent in the last six months of 2018 wherein it registered an increase of 25%,' it said.
The growth in SME
financing was even more prominent in the last six months of 2018 (July-Dec) wherein it registered an increase of 25pc.
The facility has been designed on a 50-50 risk participation basis between the two organisations to improve overall commercial lending for the SME
sector in Pakistan.
The meeting was co- chaired by secretary Ministry of Industries and Production (MoI and P) and Senator Nauman Wazir who is also considered an SME
expert due to his long association with the sector.
In 2005, the National SME
Development Council (NSDC) endorsed the use of a standard definition of SMEs
in three key sectors--manufacturing and manufacturing-related services, primary agriculture, and service sectors.