KARACHI: The Sindh Enterprise Development Fund (SEDF) has announced partnering with Mobilink Bank to jointly support micro, small, and medium enterprises (MSMEs). Under the agreement, Mobilink Bank will provide the lending capacity, while SEDF will subsidize the markup (interest), making financing cheaper and more accessible for entrepreneurs.
Details made available to MM News reveal that Mobilink Bank has entered into a five-year partnership with Sindh Enterprise Development Fund (SEDF), which operates under the Government of Sindh’s Investment Department with aim to promote entrepreneurship and support priority sectors like agriculture, livestock, fisheries, renewable energy, women-led enterprises, and IT innovation, to expand access to structured financing for micro, small, and medium enterprises (MSMEs) across priority economic sectors in the province.
The partnership will provide up to Rs.1 billion in affordable loans by combining Mobilink Bank’s lending with SEDF’s subsidy, helping entrepreneurs grow businesses across Sindh.
The partnership is aimed at extending support to financing for key under-served sectors such as agriculture, livestock, poultry, fisheries, cold storage, logistics, renewable energy, women-led businesses, mining, and IT innovation.
Mobilink Bank will provide MSMEs with short-, medium-, and long-term loans. SEDF will offer a subsidy on loan interest — up to one-year Kibor or 10%, whichever is lower — for three years, with possible extension. Projects can access up to Rs 5 million in financing, with room for higher limits in innovative cases.
Mobilink Bank President and CEO Haaris Mahmood Chaudhary was quoted as saying that small businesses drive employment, power local communities, and sustain regional value chains, yet many entrepreneurs continue to face structural barriers in accessing affordable finance. We are aligning financial innovation with policy support to expand access where it is needed most.
Secretary Investment Department Zubair Ahmed Channa was also quoted as saying that structured collaborations such as this agreement reinforce policy alignment between the public and private sectors while creating scalable financial pathways for SMEs operating in Sindh’s value-added industries.
