SBP, FBR directed to provide SMEs’ data to Finance Ministry

ISLAMABAD: In a bid to provide some breathing space to small industries which have been largely affected by the lockdown, the Finance Ministry has directed the State Bank of Pakistan and the Federal Board of Revenue (FBR) to furnish data of small and medium enterprises (SMEs), a local newspaper reported.  

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The Prime Minister Imran Khan-led government approved Rs100 billion as deferred payment for SMEs and agriculture sector loans and concessional loans, to make sure the cost of their input does not increase during the current crisis. 

It is pertinent to mention here that the daily wagers and SME sector have been the worst hit during the crisis.

The Finance Ministry has had the scattered date of SMEs and sought the FBR and SBP’s help to ensure that economic relief is provided to them.