SBP launches SMEConnect portal

October 29, 2026 (MLN): The State Bank of Pakistan (SBP) has launched SMEConnect, a centralized digital platform through which small and medium enterprises (SMEs) can apply for financing from banks and development finance institutions (DFIs), with all such applications to be received exclusively through the portal from November 1, 2026.

The central bank said the platform, available at smeconnect.sbp.org.pk, will serve as a single window for SME borrowers and is aimed at simplifying the application process and improving access, efficiency and transparency in SME financing, according to a press release issued.

Applicants will be able to track the status of their applications in real time and, in case of rejection, view the reasons behind the decision.

A live dashboard will give the SBP complete visibility of SME financing applications. It will provide real-time data on applications received, processed, approved, disbursed and rejected, both for individual banks and DFIs and across the industry.

From November 1, SMEs visiting bank or DFI branches or websites to apply for financing will be redirected to SMEConnect.

The central bank has advised all banks and DFIs to display the SMEConnect link prominently on their websites. It has also asked them to ensure their SME teams and field staff fully understand the platform and guide applicants in using it.

A tutorial video is available on the portal to help applicants.

The SBP said the launch reflects its commitment to promoting financial inclusion, supporting entrepreneurship and strengthening the SME financing ecosystem to achieve inclusive economic growth.

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