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Articles tagged with: SBP

State Bank of Pakistan provides more flexibility to hospitals and medical centres under its Refinance Facility for Combating COVID‐19

April 6, 2020 – 2:53 pm | Comments Off on State Bank of Pakistan provides more flexibility to hospitals and medical centres under its Refinance Facility for Combating COVID‐19

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…

Availability of SBP Helpline for customers of banks and public warning against fraudsters calling for personal information citing situation under COVID-19

April 6, 2020 – 2:53 pm | Comments Off on Availability of SBP Helpline for customers of banks and public warning against fraudsters calling for personal information citing situation under COVID-19

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…

State Bank of Pakistan extends its relief package to borrowers availing loans under Refinance Schemes

April 3, 2020 – 3:33 pm | Comments Off on State Bank of Pakistan extends its relief package to borrowers availing loans under Refinance Schemes

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.  …

Total liquid foreign reserves position

April 2, 2020 – 6:52 pm | Comments Off on Total liquid foreign reserves position

Karachi, April 02, 2020 (PPI-OT): State Bank of Pakistan (SBP) Thursday said here that the total liquid foreign reserves held by the country stood at US$ 17,387.5 million on 27-March-2020. The break-up of the foreign reserves position is as under:-…

National Financial Literacy Program for Youth launches its eLearning Portal

April 2, 2020 – 6:49 pm | Comments Off on National Financial Literacy Program for Youth launches its eLearning Portal

Karachi, April 02, 2020 (PPI-OT): State Bank of Pakistan in collaboration with National Institute of Banking and Finance (NIBAF) is implementing National Financial Literacy Program for Youth (NFLP‐Y) to impart essential financial education to Pakistani youth and school going children…

State Bank of Pakistan implements Regulatory Approval System for ease of doing business

March 27, 2020 – 6:16 pm | Comments Off on State Bank of Pakistan implements Regulatory Approval System for ease of doing business

Karachi, March 27, 2020 (PPI-OT): SBP has launched a Regulatory Approval System (RAS) for submission of cases related to foreign exchange policy and operations dealt by its Exchange Policy Department (EPD), SBP and Foreign Exchange Operations Department (FEOD), SBP‐BSC respectively….