PESHAWAR - The Sarhad Chamber of Commerce and Industry Standing Committee on ‘Banking and FDIs’ has proposed lowering markup rates on export refinancing and suggested that commercial banks should extend soft-loans to war-affected business community for economic development and industrial growth in the Khyber Pakhtunkhwa province.

The Committee also demanded for giving complete autonomy to regional heads of commercial banks in the province. It was further proposed that loans had been provided to public sector schemes by the commercial banks, the loan facility should extend to business community for economic development and industrial growth in the province. The banks should carry out special awareness campaign for the general masses, play their role for development of small businesses and lowering markup rate on export refinancing, the committee suggested.

The proposals and recommendations have put during a meeting of the SCCI committee held under its Chairman and renowned industrialist’s Ghulam Sarwar Mohmand here at the chamber house on Wednesday.

Ghulam Sarwar asked the commercial banks to extend maximum soft-loans on easy terms to terrorism affected business community. He further added the bank loans provided for public sector schemes, should give to businessmen.