Bank funding to three priority sectors discussed
State Bank of Pakistan (SBP) Governor Jameel Ahmed chaired the first Steering Committee meeting on Wednesday to implement priority sector initiatives recommended by the Pakistan Banks’ Association (PBA). The meeting focused on enhancing support from the banking industry in three key sectors: agriculture, small and medium enterprises (SMEs) and digital technology. The meeting followed an earlier discussion chaired by Finance Minister Muhammad Aurangzeb last month, during which he had urged the banking sector to extend its full support to the government in operationalising its strategic economic priorities regarding these sectors. The SBP governor said, “Our goal is to create a robust economic environment where businesses of all sizes can prosper. These measures are designed to stimulate growth, encourage innovation, and support sustainable development.