E-Paper | June 13, 2026

SBP announces measures to address challenges posed by COVID-19 spread

Published March 17, 2020
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The State Bank of Pakistan has announced three measures to address the economic and health challenges posed by the spread of coronavirus. They include:

  • SBP's policy rate cut by 75 basis points to 12.50 per cent
  • A “Temporary Economic Refinance Facility (TERF)” to stimulate new investment in manufacturing
  • A “Refinance Facility for Combating COVID–19 (RFCC)” to support hospitals and medical centres in combating the spread of the virus.
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