Islamabad, In a key development aimed at economic revitalization, Finance Minister Muhammad Aurangzeb met with SBP Governor Jameel Ahmed and leaders of Pakistan’s banking sector in Karachi to discuss boosting financing and lending to critical economic sectors. The meeting focused on strategies to enhance support for agriculture, small and medium-sized enterprises (SMEs), and the information technology (IT) sector to foster economic growth and sustainability.

According to Press Information Department, Minister Aurangzeb briefed the participants on the nation’s economic conditions, detailing efforts to achieve economic stability and growth. He called on the banking industry to play a proactive role in expanding financing to the identified priority sectors. To this end, a proposal was made for the Pakistan Banks’ Association (PBA) to form a task force that will include banking, government, and stakeholder representatives to expedite and refine financing strategies for these sectors.

SBP Governor Jameel Ahmed assured his support for the Finance Minister’s agenda, outlining the central bank’s readiness to provide the necessary regulatory backing and incentives to facilitate this sectoral lending initiative. The meeting underscored the collaborative approach needed to address the challenges facing these sectors, with an emphasis on creating actionable plans to stimulate growth and development.

The dialogue concluded with a consensus on enhancing cooperation between the Ministry of Finance, the State Bank of Pakistan, and the banking sector to drive forward the economic agenda, ensuring targeted and effective financial support for key sectors identified as pivotal for Pakistan’s economic future.