?With the objective to promote financing for Lahore's small and medium enterprises
(SMEs), the Bank Fair, 2009 is being organised at Aiwan-e-Iqbal.
The State Bank of Pakistan (SBP) BSC Lahore in cooperation with 21 commercial
banks, Small and Medium Enterprises Development Authority (SMEDA), Lahore
Chamber of Commerce and Industry and Punjab Small Industries Corporation (PSIC)
is organising this fair. The event will be promoted and backed by the Support Fund
and Punjab Women Chamber of Commerce and Industry (PWCCI).
Barbruce Ishaq, Chief Manager, SBP BSC Lahore, revealed that the main idea behind
organising this fair was to promote the SME sector and encourage banks to step up
their lending levels to the sector.
The fair is expected to create awareness among the stakeholders in the SME segment
in Lahore and would prove to be beneficial for bankers as it would give them the
chance to introduce their SME products. Mr Ishaq also admitted the need for
improving the overall lending capacity of commercial banks to the SME sector. The
share of SME loans is estimated to be a mere 14% of the total lending of commercial
banks in Lahore.
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