Banks to Give Loans to Sports Goods Industry

The planned commercial banks have shown intense interest in giving soft-term business loans to the Sialkot-based manufacturers and exporters, allowing them to enlarge their sports goods business and exports.

A seminar was held at Sports Industries Development Center (SIDC) titling ‘Long-Term Financing Facility (LTFF) here on Tuesday under the patronages of the State Bank of Pakistan (SBP).

Local bankers conversed the participants about the funding facilities available to the sports goods industry for procurement of plant and machinery on condensed markup rate alongside long-term payback period. Many bankers, traders, industrialists and exporters attended the auspicious event.

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