{"id":64188,"date":"2020-04-18T10:19:00","date_gmt":"2020-04-18T05:19:00","guid":{"rendered":"https:\/\/www.zameen.com\/news\/?p=64188"},"modified":"2020-04-17T09:33:05","modified_gmt":"2020-04-17T04:33:05","slug":"sbp-asked-provide-easy-loans-small-businesses","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/sbp-asked-provide-easy-loans-small-businesses.html","title":{"rendered":"SBP asked to provide easy loans to small businesses"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">Karachi: Karachi Chamber of Commerce and Industry (KCCI) Small Traders Committee Chairman Abdul Majeed Memon recently petitioned the State Bank of Pakistan (SBP) to provide wage support to small businesses under its wage relief programme at zero interest rate; in an attempt to mitigate the wide-ranging fears regarding the cottage industries being unable to pay their due interest amounts \u2014 a news source reported. <\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Read: <a href=\"https:\/\/www.zameen.com\/news\/sbp-introduces-cheap-loans-scheme-prevent-layoffs.html\" target=\"_blank\" rel=\"noreferrer noopener\" aria-label=\"SBP introduces cheap loans scheme to prevent layoffs (opens in a new tab)\">SBP introduces cheap loans scheme to prevent layoffs<\/a><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The chairman stated that the commercial banks were reluctant\nto provide loans to small businesses even though they were the ones who needed\nassistance the most. <\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Memon felt that the primary way in which the central bank could support small businesses was by providing loans to them on easy conditions and minimal interest rates. <\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Read: <a href=\"https:\/\/www.zameen.com\/news\/covid-19-relief-measures-sbp-offers-one-year-extension-loan-repayments.html\" target=\"_blank\" rel=\"noreferrer noopener\" aria-label=\"COVID-19 relief measure: SBP offers one-year extension on loan repayments (opens in a new tab)\">COVID-19 relief measure: SBP offers one-year extension on loan repayments<\/a><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Pakistan Association of Automotive Parts and Accessories\nManufacturers (Paapam) former chairman Mashhood Ali Khan recommended that the\nState Bank should draft a separate policy for small and micro enterprises so\nthat they can be assisted effectively in keeping their businesses operational, and\ntheir workforce intact. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>Karachi: Karachi Chamber of Commerce and Industry (KCCI) Small Traders Committee Chairman Abdul Majeed Memon recently petitioned the State Bank of Pakistan (SBP) to provide wage support to small businesses under its wage relief programme at zero interest rate; in an attempt to mitigate the wide-ranging fears regarding the cottage industries being unable to pay their due interest amounts \u2014 a news source reported. Read: SBP introduces cheap loans scheme to prevent layoffs The chairman stated that the commercial banks were reluctant to provide loans to small businesses even though they were the ones who needed assistance the most. Memon felt that the primary way in which the central bank could support small businesses was by providing loans to them on easy conditions and minimal interest rates. Read: COVID-19 relief measure: SBP offers one-year extension on loan repayments Pakistan Association of Automotive Parts and Accessories Manufacturers (Paapam) former chairman Mashhood Ali Khan recommended that the State Bank should draft a separate policy for small and micro enterprises so that they can be assisted effectively in keeping their businesses operational, and their workforce intact.<\/p>\n","protected":false},"author":57,"featured_media":64016,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[],"tags":[26523],"persona":[],"class_list":["post-64188","post","type-post","status-publish","format-standard","has-post-thumbnail","tag-sbp-asked-to-provide-easy-loans-to-small-businesses"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.7 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>SBP asked to provide easy loans to small businesses - Zameen News<\/title>\n<meta name=\"description\" content=\"Karachi: Karachi Chamber of Commerce and Industry (KCCI) Small Traders Committee Chairman Abdul Majeed Memon recently petitioned the State Bank of\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.zameen.com\/news\/sbp-asked-provide-easy-loans-small-businesses.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"SBP asked to provide easy loans to small businesses - Zameen News\" \/>\n<meta property=\"og:description\" content=\"Karachi: Karachi Chamber of Commerce and Industry (KCCI) Small Traders Committee Chairman Abdul Majeed Memon recently petitioned the State Bank of\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zameen.com\/news\/sbp-asked-provide-easy-loans-small-businesses.html\" \/>\n<meta property=\"og:site_name\" content=\"Pakistan Real Estate News &amp; 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