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ECC gives nod to collateral free financing for SMEs

ECC gives nod to collateral free financing for SMEs
thenews.com.pk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thenews.com.pk Daily Mail and Mail on Sunday newspapers.

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ECC approves agreement with K-Electric for clearance of dues: sources

May 21, 2021
ISLAMABAD: Economic Coordination Committee (ECC) meeting headed by Finance Minister Shaukat Tarin on Friday approved an agreement with the K-Electric for clearance of its dues, ARY NEWS reported.
According to details, the meeting mulled over a 12 point agenda including recommendations for clearance of receivables and payables with K-Electric and decided to give go-ahead for signing an agreement with the sole power distributor in Karachi in this regard.
The meeting decided to defer a summary allowing approval of funds for the second phase of the Ehsaas Emergency Cash program for the next meeting.
“The agenda regarding exemption of turnover tax in special economic zones was also deferred,” the sources having knowledge of the ECC proceedings said. ....

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ECC Approves Proposal of Refinance and Credit Guarantee Scheme for Collateral Free Lending to SMEs

ECC Approves Proposal of Refinance and Credit Guarantee Scheme for Collateral Free Lending to SMEs
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