KARACHI: Karandaaz Pakistan is providing a loan of Rs700 million to ORIX Leasing to increase access to finance for small enterprises, a statement said on Tuesday.
ORIX will use this facility to on-lend to small businesses and grow the share of loans to small enterprises in its portfolio. Small and Medium Enterprises (SMEs) are vital to economic and social progress.
According to the State Bank, SMEs contribute 30 percent to Pakistan’s GDP, driving economic growth and job creation, the statement said.
Karandaaz is committed to enhancing access to finance for SMEs and this agreement with ORIX will contribute to achieving this target, it added.
Chinese power company had intended to acquire up to 18.336 billion ordinary shares of K-Electric, representing 66.4...
MARI also successfully drilled and tested another appraisal well in the Mari Ghazij formation located in Mari D&PL
Gold rates decreased by $30 to $2,381 per ounce in the international market
Growing number of Americans have seen their savings dwindle as rising prices squeeze budgets while interest rates stay...
IMF will closely watch the privatization of PIA by the end of June
PSX lays down the groundwork to encourage listed companies to adopt ESG reporting in line with global standards
