PHMA welcomes Rs300bn export finance reserve for SMEs

Business Recorder reported that the government has set aside Rs300 billion for eligible small and medium enterprises under the Export Finance Scheme for FY2026-27, administered by Pak EXIM. Pakistan Hosiery Manufacturers & Exporters Association (PHMA) welcomed the allocation, saying dedicated funding could improve exporters’ access to working capital.

PHMA Chairman Syed Zia Alamdar Hussain said financing constraints have made it difficult for smaller exporters to expand output and take on international orders. He called on participating banks to explain eligibility clearly and handle applications transparently and promptly, while also urging continued action on business costs, finance access and energy tariffs. The association said the scheme could help smaller businesses join export markets and contribute to foreign exchange earnings.