business

August 19, 2020

State Bank raises credit limit for women entrepreneurs

KARACHI: The State Bank of Pakistan has enhanced the financing limit under its refinance and credit guarantee scheme for women entrepreneurs from Rs1.5 million to Rs5 million, to encourage their participation in the economy, a statement said on Tuesday.The decision has been taken in light of feedback received from various stakeholders about current financing limit being insufficient to cover the financing needs of women entrepreneurs.The SBP said this was in line with the government’s...