SBP striving hard to control money laundering: Qasim Nawaz

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LAHORE, April 11 (APP): The SBP Banking Services Corporation’s Managing Director Qasim Nawaz said on Monday that State Bank of Pakistan (SBP) is putting in place comprehensive and effective measures to control money laundering.

Talking to media at Small and Medium Enterprises (SMEs) Fair organized by SBP in a local hotel, Qasim Nawaz said that just like agricultural loans, the targets would also be set for the SMEs loans by respective banks. He hoped that volume of SMEs loan would also increase.

Earlier, addressing the SMEs Fair, the Banking Services
Corporation’s MD was of the view that an effective and constant coordination among all relevant public sector departments could help promote the SMEs sector in Pakistan and create vast opportunities of employment.