ISLAMABAD: At the 3rd Pak-US Business Opportunities Conference, USAID announced $60 million as development credit support availability through four Pakistani banks as to provide loans for qualified micro, small and medium-sized Pakistani businesses.
Through the loans, the small businesses will be made able to expand, create jobs and increase revenues. The US government launched the US-Pakistan Partnership for Access to Credit program.
Assistant to the Administrator in the Office of Afghanistan and Pakistan Affairs at USAID Donald Larry Sampler inaugurated the programme. USAID through the US-Pakistan Partnership for Access to Credit programme has partnered with the local banks to provide up to $60 million in loan capital to micro, small and medium businesses. The programme partners USAID with four Pakistani banks: Bank Alfalah Limited, JS Bank Limited, Khushhali bank Limited, and First Micro Finance Bank Limited.