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Articles tagged with: SBP

Office Timings

July 9, 2020 – 6:40 pm | Comments Off on Office Timings

Karachi, July 09, 2020 (PPI-OT): Effective from July 13, 2020, the banks/MFBs shall observe the following office timings till further orders. However, banks/MFBs may prescribe business hours for branches as per their business requirement. Monday to Thursday: 9:00 a.m. to…

Office Timings

July 9, 2020 – 6:40 pm | Comments Off on Office Timings

Karachi, July 09, 2020 (PPI-OT): Effective from July 13, 2020, the banks/MFBs shall observe the following office timings till further orders. However, banks/MFBs may prescribe business hours for branches as per their business requirement. Monday to Thursday: 9:00 a.m. to…

State Bank of Pakistan reduces markup rate to 5 percent on refinance schemes for investment and introduces other enhancements

July 8, 2020 – 7:22 am | Comments Off on State Bank of Pakistan reduces markup rate to 5 percent on refinance schemes for investment and introduces other enhancements

Karachi, July 08, 2020 (PPI-OT): Taking cognizance of the negative fallout of COVID-19 Pandemic for the economy, State Bank of Pakistan (SBP) has been constantly taking steps to safeguard the businesses and households and a reduction in the policy rate…

State Bank of Pakistan extends the availability of Deferment of Principal Amount of Loans facility till September 2020

July 7, 2020 – 5:13 pm | Comments Off on State Bank of Pakistan extends the availability of Deferment of Principal Amount of Loans facility till September 2020

Karachi, July 07, 2020 (PPI-OT): Considering the fact that COVID-19 pandemic is continuing to stress the cash flow of small and medium sized businesses and households, SBP has decided to extend the Deferment of Principal Amount facility up till 30th…

State Bank of Pakistan enhances scope of refinance facility to support health facilities

July 6, 2020 – 5:46 pm | Comments Off on State Bank of Pakistan enhances scope of refinance facility to support health facilities

Karachi, July 06, 2020 (PPI-OT): On 17th March, 2020, SBP introduced a refinance scheme, titled Refinance Facility to Combat Covid-19 (RFCC), to support the hospitals and health sector for providing services to directly fight against Covid-19. Under this scheme, banks…

State Bank of Pakistan extends Rozgar Scheme for Supporting Employment for another 3 months and widens its scope in collaboration with Government of Pakistan

June 30, 2020 – 11:37 pm | Comments Off on State Bank of Pakistan extends Rozgar Scheme for Supporting Employment for another 3 months and widens its scope in collaboration with Government of Pakistan

Karachi, June 30, 2020 (PPI-OT): Soon after the outbreak of Covid-19 pandemic, SBP took a number of steps to provide economic support to businesses and households. SBP reduced the financial cost to the private and public businesses and households by…