PESHAWAR
\nSarhad Chamber of Commerce and Industry president Fazal Moqeem Khan urged commercial banks to provide soft loans for promotion of small and medium scale businesses, improve lending ratio and facilitate business community.
\nThe SCCI chief also called for bringing down the current interest rate to single digit.
\nFazal Moqeem was addressing during an awareness seminar on Islamic Banking jointly organised by SCCI and State Bank of Pakistan here at the chamber house.
\nThe chamber president asked government and financial institutions to adopt business-friendly policies and play a role in revival of trade and economic activities to create employment opportunities and to lead the province on sustainable prosperity and progress.
\nSession was attended by SCCI senior vice president Abdul Jalil Jan, vice president Shehryar Khan, SBP Chief Manager Peshawar Waqar Ali, member of the BoK Sharia Board and eminent scholar Qazi Abdul Samad, former president Fuad Ishaq, executive committee members Aftab Iqbal, Muhammad Ashfaq, Saifullah Khan, Nadeem Rauf, former SVP Imran Khan Mohmand, and Abdul Majid Khan, Feroz Shah, Syed Ejaz Ali Shah, Atif Khawaja, Mazarul Haq, Asim Shahzad, Zahid Sultan Advocate, Rashid Iqbal Siddique, Secretary General Muqtasid Ahsan, various commercial banks managers and representatives.
\nQazi Abdul Samad on occasion delivered a comprehensive presentation, highlighting the significance of Islamic banking while in opening remarks, SBP chief Manager Waqar Ali appraised participants about initiatives for creating awareness of Islamic banking.
\nThe senior SBP official said the central bank is working on four key frameworks including regulatory, Sharia Governance, Outreach of Market Development, Basic Awareness, and collaboration with academia, industries and business.
\nFazal Moqeem expressed grave concern over rising commercial banks\u2019 deposits against lending their lending ratio in Khyber Pakhtunkhwa.
\nHe said KP was marked as \u2018red-zone\u2019 by commercial banks, which is tantamount to discrimination with the business community and people of the province.
\nHe said the lending ratio of commercial banks is very low.
\nSCCI chief stressed the need for provision of loans on easy terms to flourish business and industries in K-P.
\nOther office bearers and business community identified obstacles in availing of loans from commercial banks and demanded to simplify the process.<\/p>\n","protected":false},"excerpt":{"rendered":"
PESHAWAR Sarhad Chamber of Commerce and Industry president Fazal Moqeem Khan urged commercial banks to provide soft loans for promotion of small and medium scale businesses, improve lending ratio and facilitate business community. The SCCI chief also called for bringing down the current interest rate to single digit. Fazal Moqeem was addressing during an awareness […]<\/p>\n","protected":false},"author":2,"featured_media":446382,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":{"0":"post-446358","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-business"},"yoast_head":"\n