A meeting chaired by Minister of State for Finance Bilal Azhar Kayani has reaffirmed the government's commitment to improving access to export finance and facilitating SMEs in enhancing their competitiveness and expanding their presence in international markets.

The Minister of State for Finance highlighted government's determination to patronize exporting Small & Medium Enterprises in improving their access to finance, foreign markets , new products, reduction in cost of doing business and promoting ease of doing business.

Regarding Export Finance Scheme (EFS) utilization by SMEs, he emphasized the need for participating banks to designate focal persons, clearly communicate eligibility criteria and establish timelines for processing applications. He stressed improving Export Facilitation Scheme`s effectiveness, the feasibility of expanding export credit insurance and risk-sharing mechanisms for smaller exporters.