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Article: Pakistan's financial sector should scale up activities tocater to needs of middle, poor income groups: Ishrat Husain.
- Article from:
- PPI - Pakistan Press International
- Article date:
- February 21, 2004
CopyrightCOPYRIGHT 2004 Asia Pulse Pty Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Karachi, Feb 21 PPI: Pakistan's financial sector has to scale up its activities in catering to needs of middle and poor income groups, stressed State Bank of Pakistan SBP Governor Dr Ishrat Husain. The broad direction in which the sector should move is: client base has to expand from 2 million to at least 5 million borrowers in next five years, new products have to be introduced particularly for consumer, Small & Medium Enterprise SME and agriculture financing. Loans for education and health, both at individual level as well as for providers of services, have to be stepped up. Infrastructure loans to District and Union Council levels will fill in community needs at ...