SECP Proposes to Raise Micro, SME Loans Limit

Notably, the Securities and Exchange Commission of Pakistan has proposed raising the loan limit for microenterprises and housing loans to Rs.

Key points

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• The SECP remarked the proposed SME thresholds are aligned with recent changes introduced by the State Bank of Pakistan.
• The SECP has issued the proposed amendments for consultation with stakeholders, seeking feedback on changes to the limits for microfinance and small and medium enterprises.
• Under the proposed amendments, the annual income limit for eligibility for microfinance loans would growth from Rs.

Notably, the SECP has issued the proposed amendments for consultation with stakeholders, seeking feedback on changes to the limits for microfinance and small and medium enterprises. SECP Urges Builders and Developers to Register as Formal Firms.

Under the proposed amendments, the annual income limit for eligibility for microfinance loans would growth from Rs. 1.2 million to Rs. 1.5 million.

For context, the SECP has additionally proposed raising the annual turnover limit for small businesses from Rs. 30 million to Rs. 400 million.

For medium sized businesses, the proposed annual turnover limit would growth from Rs. 400 million to Rs. 2 billion.

Meanwhile, the SECP remarked the proposed SME thresholds are aligned with recent changes introduced by the State Bank of Pakistan. Stay Connected with ProPakistani.

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For now, SECP Proposes to Raise Micro, SME Loans Limit remains the part of the story worth watching, and further updates are likely as more details are confirmed.