Rs2tr financing to empower businesses

The Lahore Chamber of Commerce and Industry (LCCI) has welcomed the federal government's target of lifting SME financing to Rs2 trillion by June 2028, as reported by The Express Tribune. The chamber said the plan would help small and medium-sized enterprises grow, attract investment and create employment. Prime Minister Shehbaz Sharif set the goal, which the LCCI described as a major step in strengthening the economy.

In a statement, LCCI President Ali Hussam Asghar said SMEs are central to the economy and can create jobs, encourage entrepreneurship and add to exports. He argued that affordable and timely credit would help these firms expand, upgrade operations and become more productive. The LCCI leader also said a larger number of businesses could enter the formal financial system, widening financial inclusion.

The target also covers 775,000 potential borrowers by June 2028. Asghar also said clear communication about economic policies and support measures is essential, so that entrepreneurs stay aware of available financing options.