SBP okays Rs238b for businesses

SBP under its Rozgar scheme for protecting businesses has so far approved Rs238.2 billion for 2,958 businesses

The State Bank of Pakistan (SBP), under its Rozgar scheme for protecting businesses and employees working with them from the impact of Covid-19, has so far approved Rs238.2 billion for 2,958 businesses. Similarly, under its refinancing scheme for protecting businesses from the impact of Covid-19, the central bank has so far deferred Rs659.5 billion worth of principal repayment of loans up to one year. The bank also allowed restructuring or rescheduling of around Rs207.5 billion, according to updated data of the central bank. The number of borrowers that would benefit from the rescheduling relief rose to 1.57 million with outstanding amount of Rs2.514 billion, the central bank said. Meanwhile, the bank under this refinancing scheme for hospitals to combat Covid-19 approved financing of Rs7.77 billion for 39 hospitals. Furthermore, during the period March 20 to November 20, the central bank issued fresh currency notes to commercial banks worth Rs1.136 trillion