STAFF REPORTER
ISLAMABAD Adviser to Prime Minister for Commerce and Investment Abdul Razak Dawood said on Sunday the government is finalising a scheme to support SMEs. In a tweet on Twitter, he said the programme would be announced soon. The premier’s aide said: “It is our endeavour to help small businesses as compared to larger ones because of their weaker financial position.” It is to mention here that the State Bank of Pakistan (SBP) had further slashed its key interest rate by two per cent (200 basis points) to nine per cent to “cushion the impact of the Coronavirus shock on growth and employment, including by easing borrowing costs and the debt service burden of households and firms, while also maintaining financial stability
