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Banks in Pakistan lend to small and medium enterprises (SMEs) selectively and, at times, reluctantly. They have a reason to do so: about 95 per cent of SMEs work in the informal sector i.e. they are not documented. Lending to them is far riskier than lending to a tax-paying individual. That explains why banks offer personal loans generously, but keep …
Read More »Banks should take SME financing seriously
February 25, 2019