Tag Archives: SBP

Karachi, April 22, 2020 (PPI-OT): On April 10, 2020 the State Bank of Pakistan announced an incentive scheme – entitled Refinance Scheme for Payment of Wages and Salaries to the Workers and Employees of Business Concerns – that enables the...

Karachi, April 16, 2020 (PPI-OT): State Bank of Pakistan (SBP) Thursday said that the total liquid foreign reserves held by the country stood at US$ 17,295.5 million on 10-April-2020. The break-up of the foreign reserves position is as under:-  ...

Karachi, April 14, 2020 (PPI-OT):The State Bank of Pakistan today released its Second Quarterly Report for FY20 on the State of Pakistan’s Economy. According to the report, the stabilization efforts and regulatory measures yielded notable improvements during the first half...

Karachi, April 10, 2020 (PPI-OT): To support the employment of workers in the face of economic challenges posed by the spread ofCOVID-19, the State Bank of Pakistan (SBP), has introduced a temporary refinance scheme for businesses entitled Refinance Scheme for...

Since the outbreak of COVID‐19, State Bank of Pakistan has taken a number of measures to support the economy. One of the earliest measures taken by SBP was to support the hospitals, which have been at the fore front in combating the disease, by providing them a facility to meet their financial needs namely the SBP Refinance Facility to Combat COVID‐19 (RFCC) on March 17, 2020.   Since then SBP received several suggestions by stakeholders to further improve it. Keeping in view such suggestions, SBP has provided more flexibility under RFCC to facilitate the health sector further. Hospitals and medical centres engaged in fight against COVID‐19 will now be allowed to avail...

Karachi, April 06, 2020 (PPI-OT): SBP has taken additional measures to facilitate bank customers that are faced with extraordinary challenges arising out of COVID-19 situation in the country. They can now approach SBP through its helpline service in case their...

Karachi, April 03, 2020 (PPI-OT): State Bank of Pakistan has continuously been reviewing the challenges arising out of COVID‐19 pandemic situation with particular reference to the financial sector and taking measures. Expanding the scope of its recently announced relief package for households and businesses, SBP has taken another major step today. State Bank has allowed similar relaxations, as provided under the relief package, on its concessional refinance schemes. Under various refinance schemes loans are provided with preferential terms and conditions to promote growth in priority sectors of the economy.  ...