KARACHI: Sindh Chief Minister Syed Qaim Ali Shah has announced to establish a ‘Sindh Bank’ in the province.
He made this announcement while presenting provincial budget at Sindh Assembly yesterday.
He said Sindh Bank would be a commercial venture and the private sector would hold majority shares in it, adding the management would also rest with the private sector.
Shah said this is a conscious decision and we are clear that this bank has to be managed very professionally on sound management principles.
Sindh Bank would have a big component of micro-finance and agriculture credit for targeting farmers in rural Sindh and small enterprises in urban slums; he said and added that through this intervention we would expand Micro Finance and Agriculture Credit to millions in Sindh.
He made this announcement while presenting provincial budget at Sindh Assembly yesterday.
He said Sindh Bank would be a commercial venture and the private sector would hold majority shares in it, adding the management would also rest with the private sector.
Shah said this is a conscious decision and we are clear that this bank has to be managed very professionally on sound management principles.
Sindh Bank would have a big component of micro-finance and agriculture credit for targeting farmers in rural Sindh and small enterprises in urban slums; he said and added that through this intervention we would expand Micro Finance and Agriculture Credit to millions in Sindh.
