JS Bank leads in Rozgar schemed

SBP's Rozgar Refinance Scheme is an initiative directed at reducing unemployment

The State Bank of Pakistan (SBP) has been proactive in dealing with an unprecedented situation by introducing effective measures and policies to mitigate potential losses on all fronts. The central bank’s Rozgar Refinance Scheme is an initiative directed at reducing unemployment in the country by providing a credit line at 3% mark-up to organisations which commit to not firing any staff during these trying times. JS Bank Private Limited is the entity with the biggest share of disbursements with Rs10.8 billion so far under the Rozgar scheme. This is a substantial contribution on the part of the institution to ensure that various organisations, both large and SMEs especially, have enough capital to support their operations. JS Bank President and CEO Basir Shamsie said, “We stand with the nation in this hour of need and deem it as our responsibility to serve our people in these trying times. We will continue to work with the SBP for the prosperity of Pakistan.”

Published in The Express Tribune, July 10^th, 2020.

Like Business on Facebook, follow @TribuneBiz on Twitter to stay informed and join in the conversation.