KP APTMA for end to discrimination

PESHAWAR - Chairman of All Pakistan Textile Mills Association (APTMA), Khyber Pakhtunkhwa Zone, Afan Aziz has called for bringing an end to discrimination in lending by commercial banks to the business community of the province. Talking to newsmen here on Tuesday, he expressed concern over the decline from 11 percent to one percent in lending facilities through banks during last one decade. He said the non-serious stance of the government is making further difficulties for the all component of the business in the province. The banks, he said, are not ready to increase lending facilities to 13 percent in proportion to the population of the province resulting in persistent decline in growth and export day by day. However, he said in Punjab the banks are providing 80 percent lending facility to all components. The outgoing APTAMA Chairman said that there was minimum default ratio in the province, but the banks are still giving discriminatory attitude towards the business community of the province. He informed that the govt had asked all commercial banks to halt lending facility in the KP.

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