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SH&SFD Circular No. 01 of 2024 |
June 10, 2024 |
The Presidents/CEOs
All Banks
Measures to Promote Digital Supply Chain Finance
- In view of the critical importance of Digital Supply Chain Finance (DSCF) in increasing SMEs' access to finance as well as digitization of retail payments, it is important that the banks develop and build their capacity in the DSCF. In this regard, the banks shall inter alia take following measures on priority basis:
i. Create a SCF function having requisite resources for developing and offering the DSCF products to their customers.
ii. Develop and offer a digital solution for SCF within 6 months of issuance of this Circular. For the purpose, the banks shall either develop their own digital solutions or partner with any Fintech, Service Providers for providing digital SCF.
iii. Develop a strategy for building the bank's capacity in SCF and DSCF and share the same with SBP within 3 months of issuance of this Circular.
- Please acknowledge receipt
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Yours sincerely,
Sd/-
(Dr. Mian Farooq Haq)
Director
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