Banks ready to extend loans to sports goods industry

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SIALKOT: The scheduled commercial banks have shown keen interest in issuing soft-term business loans to the Sialkot-based industrialists and exporters, enabling them to expand their sports goods business and exports.

A seminar titled ‘Long-Term Financing Facility (LTFF) for Sports Goods Industry SMEs’ was held at Sports Industries Development Center (SIDC) here on Tuesday under the auspices of the State Bank of Pakistan (SBP).

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Local bankers informed the participants about the financing facilities available to the sports goods industry for procurement of plant and machinery on reduced markup rate along with long-term payback period.

A large number of bankers, traders, industrialists and exporters attended the seminar.