The Khyber Pakhtunkhwa (KP) govt and Bank of Khyber (BOK) have signed an MoU that envisages launching Rs 12 billion refinance schemes to meet the capital and modernization needs of the small and medium enterprises (SMEs) in the KP province in Pakistan. The schemes are expected to be made available in March’s second week. BOK will execute them in coordination with the industries department. The entire Rs 12 billion will get disbursed by 2030 to established SMEs. The said program will have two modes – one for meeting the capital requirements of SMEs and the other for the modernization of their machinery.
