Pakistan Export Finance Guarantee Agency Ltd (PEFGA) has so far disbursed Rs 750 million financial guarantee to small and medium enterprise (SME) exporters since the inception of this scheme. This was stated by Chief Executive of PEFGA, S. M. Zaeem while speaking at a seminar on the occasion of opening of second branch of PEFGA for exporters at Korangi on Thursday. He said that 14 partner banks were extending support to PEFGA in its efforts to make SMEs bankable.
He said PEFGA issues bankable guarantees on behalf of SMEs in favour of banks to enable fulfilment of export orders. Under this schemes PEFGA issues to the bank a financial guarantee against which the exporter is able to secure export finance facility from banks at favourable terms.