In line with Allied Bank Limited’s corporate strategy to create awareness on financial inclusion avenues for the Small and Medium Enterprises and Agri Financing, an awareness seminar was conducted on both Agri and SME finance as on 22nd February 2019 at Sahiwal. The session was attended by senior SBP officials, notable business community members, agriculturists and members of Commerce and other Trade bodies of the area . Fasih Siddiqui , from ABL briefed the participants about the SME and Agri products being offered by the Bank. Further, in accordance with the National Financial Inclusion Strategy (NFIS) and strategic directions of SBP, a detailed presentation by senior officials of SBP Multan was also given on SBP refinance products for SME and Agri business, reiterating the focus of both the regulator and the Bank on the sector.
Hasnain Raza, Group Head CRBG South-02 and Surendar Kumar, GH A & L South while talking on this event, thanked the participants for attending the session and showing their interest in ABL products. They further informed that ABL is already working to extend quality credit to SME and Agri customers and emphasized on the importance of capacity building and awareness of all stakeholders . They stated that in line with the policies and vision of State Bank of Pakistan, ABL has taken various initiatives for financial inclusion of underserved areas of country. They further added that SME financing has a deepening effect on Pakistan’s economy in shape of SME’s contribution towards foreign exchange earnings through exports. They also emphasized need for SMEs to have formal corporate structures to facilitate banks in extending financing to support the sector.
Businessmen present on the occasion commended the efforts made by SBP and Allied Bank to promote financial inclusion strategies and hoped that other financial institutions would follow suit for the larger benefit of the nation