Published August 11, 2026 Updated about 3 hours ago LAHORE: State Bank of Pakistan (SBP) Chief Manager Ansar Iftikhar Butt has said that a new strategy is being developed to increase financing for Small and Medium Enterprises (SMEs) under which value chain financing for SMEs will be promoted, and special focus will be given to financing and handholding of SMEs. He expressed these views during his visit to the Lahore Chamber of Commerce and Industry. He was accompanied by SBP Deputy Chief Manager Bilal Shafqat, Deputy Director Umar Makhdoom and other officials. LCCI Acting President Tanveer Ahmed Sheikh welcomed the delegation, while LCCI executive committee members Sheikh Fayyaz and Nadeem Ansari were also present during the meeting. Anser Iftikhar Butt further said that the Lahore Chamber should identify sectors and companies where SME financing was most needed so that effective financing mechanisms could be developed for these sectors. He said guarantees provided by large companies for SMEs could help resolve documentation and other financing-related issues to a significant extent. He also asked the Lahore Chamber to nominate a focal person to address issues faced by SMEs, while the State Bank would work jointly with the Lahore Chamber for the promotion and financing of SMEs. He emphasised that making SME financing more effective was essential for sustainable economic growth and employment generation. Acting President LCCI Tanveer Ahmed Sheikh said instead of relying solely on collateral-based financing, alternative financing models should be introduced for SMEs. He said SMEs could also…