Mobilink Bank, SEDF join forces to offer inclusive MSME financing for Sindh’s growth sectors
Pakistan’s leading digital microfinance bank, Mobilink Bank, has entered into a five-year partnership with Sindh Enterprise Development Fund (SEDF), Government of Sindh, to expand access to structured financing for micro, small, and medium enterprises (MSMEs) across priority economic sectors in the province.
Editor
Mobilink Bank and Daraz Pakistan partner to empower MSMEs through access to finance and digital enablement
Pakistan’s leading digital microfinance bank, Mobilink Bank, has announced a strategic partnership with Daraz Pakistan, the country’s largest e-commerce platform, to accelerate financial inclusion, access to finance and digital enablement of micro, small and medium enterprises (MSMEs) across Pakistan.
SBP aims to double SME financing to Rs.1100 Billion
Deputy Governor State Bank of Pakistan (SBP), Saleemullah has reaffirmed the central bank’s objective to double the financing of Small and Medium Enterprises (SMEs) to Rs.1100 billion over the next five years under the Vision-2028 and urged the banks to embrace SME finance as a core business line to boost MSME growth.
FPCCI and KATI dialogue energy, land prices and policy rate top the agenda
Federation of Pakistan Chambers of Commerce & Industry (FPCCI) – the apex body – and the Korangi Association of Trade & Industry (KATI) have joined hands to make Karachi a business & industry-friendly city again through raising a collective, articulate voice; collaboration in research & development and approaching policy-making forums under the one, unified umbrella of FPCCI.
Adil Aziz
Mobilink Bank’s loan disbursement to MSMEs to increase by 41%
Mobilink Bank stood out for its commitment to empowering Micro, Small, and Medium Enterprises (MSMEs), constituting a significant 36% of its total loan portfolio and a noteworthy MSME Growth (YoY) of 41% in 2023. The Bank strongly advocates for social mobility, especially in empowering MSMEs and women across remote rural regions, offering tailored financial products and services.
Mehfooz
ADB approve $155.5 Million financing for MSMEs to women empower
The Asian Development Bank has approved $155.5 million in financing for Pakistan that will support policy reforms enhancing women’s access to finance and provide credit to women-led micro, small, and medium-sized enterprises.
10 Million Employed in Cottage Industry need to be protected: Irfan Iqbal Sheikh
Mr. Irfan Iqbal Sheikh, President FPCCI, has emphasized that the government policies should protect, emancipate and enable cottage industry in Pakistan as it employs 10 million people in the country – bridging a massive employment gap left out by other sectors and industries.
Mobilink Bank witnesses a 38% growth in lending to MSMEs
Mobilink Bank exhibited significant growth in the first three quarters of 2023, as evidenced by the Q3 financial statements. This milestone highlights the Bank’s dedication to supporting Micro, Small, and Medium-Sized Enterprises (MSMEs), supported by substantial deposit growth and improvements on multiple indicators.
USAID-ERDA facilitating micro, small & medium enterprises
As part of its efforts towards private sector-led economic growth, USAID-ERDA has extended support to the Livestock and Dairy Development Department, Khyber Pakhtunkhwa, and Livestock Farmers Welfare Association KP for organizing the International Livestock, Agri, Fisheries Exhibition 2023. The exhibition provided an opportunity and platform for MSMEs from across Khyber Pakhtunkhwa and NMDs to showcase…