Karachi: Mobilink Bank has announced a strategic five-year partnership with the Sindh Enterprise Development Fund (SEDF) to provide up to PKR 1 billion in financing for micro, small, and medium enterprises (MSMEs) in Sindh's priority growth sectors. This initiative is set to enhance access to structured financing by combining Mobilink Bank's lending capabilities with SEDF's markup subsidy support, aiming to lower the cost of capital for entrepreneurs and foster sustainable economic activity across the province.
According to Mobilink Bank, the partnership is designed to bolster financing ecosystems for underrepresented and impactful sectors, such as agriculture value chains, livestock, dairy, poultry, fisheries, renewable energy, and women-led enterprises. Mobilink Bank will offer short, medium, and long-term financing, while SEDF will provide markup subsidy support up to one-year KIBOR or 10 percent, whichever is lower, for an initial three-year period. Financing of up to PKR 5 million will be available for individual projects, with potential for expansion in innovative cases.
Haaris Mahmood Chaudhary, President and CEO of Mobilink Bank, highlighted the importance of small businesses in Pakistan's economy, noting their role in driving employment and sustaining regional value chains. He emphasized that the partnership aims to channel affordable capital to local entrepreneurs, enabling economic growth and sustainable livelihoods across Sindh. This collaboration reflects the bank's commitment to aligning financial innovation with policy support to address structural barriers faced by entrepreneurs.
Zubair Ahmed Channa, Secretary of the Investment Department, Government of Sindh, reiterated the government's commitment to enhancing institutional financing ecosystems that support productive sectors in the province. He noted that such collaborations between public and private sectors create scalable financial pathways for SMEs in Sindh's value-added industries.
The Mobilink Bank-SEDF initiative underscores the potential for integrating concessional support with commercial financing to drive long-term economic resilience in Sindh, serving as a model for replication across other provinces.
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