Meeting discusses simplifying loan obtaining procedure for business community
PESHAWAR: A meeting with regard to obtaining loans for Small and Medium Enterprises sponsored by State Bank of Pakistan was held here at the Regional Office of Federation of Pakistan Chamber of Commerce and Industry (FPCCI) on Tuesday. Addressing the meeting, vice president SAARC Chamber, Haji Ghulam Hussain said expansion of the system and business was our main struggle. The FPCCI would play its vital role in provision of loans on easy terms to the business community. For the welfare of the business community and promotion of business activities in Pakistan especially in Khyber Pakhtunkhwa, he said every needed step would be taken. The FPCCI would play a role of bridge between the business community and banks and raise voice at every forum for addressing issues being faced by the business community. In merged districts, he said the process of obtaining loans from banks would also be made easy for the business community and the parliament would be approached to make necessary enactment in this regard. He said the State Bank and other commercial banks should make the process of obtaining business loans easy by keeping in view the circumstances prevailing in Khyber Pakhtunkhwa. He urged upon the business community to enhance their contacts with banks through writing meaningful demand letters to the banks. Addressing the meeting Coordinator FPCCI, Sartaj Ahmed Khan said a help desk would be established at the regional office of FPCCI for the business community of merged districts to guide them for obtaining business loans from banks. Besides, he said the FPCCI would offer its services for bringing closer the business community and banks management. He said due to non-availability of revenue record in the merged district the provincial government and Chief Secretary would be contacted to arrange guarantee for obtaining loans for the businessmen of merged districts. He demanded that commercial banks at district level should issue directives to bank managers to extend complete cooperation to the business community of newly established economic zones and industrial estates in obtaining loans. He further demanded that banks should introduce a special package for promotion of tourism, minerals, hydel and agriculture businesses so that the province could prosper in the shortest possible time. Talking at the meeting, Deputy Chief Manager, State Bank, Abid Hussain and Assistant Chief Manager, Salman Jameel said the State Bank would provide every possible help to the business community in obtaining loans from all banks. They said in case of any difficulty in obtaining a loan, the business community could contact their director adding the State Bank would address the issues on an urgent basis. - APP