KARACHI:

To enhance access to finance for small and medium enterprises (SMEs), the State Bank of Pakistan (SBP) has issued a comprehensive draft of revised Prudential Regulations (PRs) for SME financing. Aimed at promoting sustainable, responsible, and inclusive financing practices, the updated framework introduces new regulations while revising several existing ones to make them more principles-based and market-responsive.

"In addition to the introduction of some new regulations, several existing PRs have also been revised to make the PRs principles-based, remove structural barriers in SME finance, encourage banks to leverage technology, and foster partnerships with fintechs and other non-financial service providers to better serve the financing needs of SMEs," the SBP stated.

The draf

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