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Credit firm for SMEs launched

The Ministry of Finance and Karandaaz on Friday launched Pakistan’s first special credit guarantee company, namely National Credit Guarantee Company Limited (NCGCL), with the objective of providing financial assistance to small and medium-sized enterprises.

The inauguration ceremony was attended by representatives from the British High Commission, Association of Chartered Certified Accountants (ACCA), State Bank of Pakistan and Ministry of Finance. NCGCL will help enhance financial accessibility through special credit guarantee facilities with a particular focus on expanding financial outreach for businesses operating at small and medium scales.