JS Bank CEO Basir Shamsie Calls for Urgent SME Financing Reforms in Pakistan
JS Bank CEO Basir Shamsie highlights the critical role of SMEs in Pakistan’s economy while stressing the urgent need for financing reforms. His article points to cash flow–based lending, stronger credit guarantees, and faster loan recovery as essential steps to unlock SME potential.
Breaking Barriers: Why Pakistan’s SMEs Struggle Despite Driving the Economy
Pakistan’s SMEs contribute nearly 40% to GDP and employ the majority of the non-agricultural workforce, yet remain stuck due to poor access to credit and weak legal enforcement. Outdated collateral-driven lending and slow recovery frameworks are holding back growth, highlighting the urgent need for financing reforms and targeted legal changes.