Three internationally recognized financial institutions have been pre-qualified to conduct due diligence of SME Bank Limited, aiming to conclude the privatization process after a thorough evaluation by Privatization Commission of Pakistan.
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PM Launches Home Remittances & SME Financing Schemes
The Minister for Privatization, Daniyal Aziz, has approved the opening of data room for buy-side diligence of the Bank while inviting qualified potential bidders FINCA Microfinance Bank, Saudi Pak Industrial & Agricultural Investment Bank and Lanka Orix Leasing Company.
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SBP Plans to Increase Credit to SME Sector to Rs. 1 Trillion
The Bank has been incurring continuous losses since 2010, resulting in total loss of 2.7 billion rupees while continuing to remain exempted from the Minimum Capital Requirement prescribed by the State Bank of Pakistan.
