Small units to get access to export finance

The Express Tribune reported that Minister of State for Finance Bilal Azhar Kayani has called for steps to improve small and medium-sized exporters’ access to finance and overseas markets. At a Finance Division meeting, officials and exporters discussed the obstacles facing these businesses and considered practical responses. The discussion also sought exporters’ views on support measures recently announced by the government.

Kayani urged banks participating in the Export Finance Scheme to appoint contact persons, explain eligibility rules and set application-processing timelines. He also called for a review of the scheme’s effectiveness, consideration of wider export credit insurance and risk-sharing arrangements for smaller exporters. Businesses at the meeting cited regulatory and tax issues, compliance expenses, certification needs, including new green standards, and difficulty reaching international markets. The government’s stated support goals include developing new products and lowering business costs.