E-Paper | October 03, 2026

SBP announces refinance scheme to avoid worker layoffs

Published
0
comments
Whatsapp Channel
Add Dawn as a trusted source
Google Preferred Source

The State Bank of Pakistan has announced a new refinance scheme to avoid worker layoffs during the coronavirus pandemic. Under the new scheme:

  • Salary expenses for three months for companies who do not lay off employees will be financed
  • There will be a five per cent mark up on loans
  • Banks will not charge any loan processing fee, credit limit fee or prepayment penalties for loans

Live Coronavirus
0

Read more

Most Popular

01
02
03
04
05
06
07
08
09

Latest Stories

Opinion

Editorial

Risks ahead
Updated 02 Oct, 2026

Risks ahead

To think that the government would rather push out an elected government than grant a single prisoner some facilities does not square up rationally.
Exit from Iraq
02 Oct, 2026

Exit from Iraq

AMERICAN and British troops have once again shipped out of Iraq. On Wednesday, the foreign forces left the Arab...
Lahore’s ozone warning
02 Oct, 2026

Lahore’s ozone warning

LAHORE has received another warning that its air pollution crisis cannot be treated as a problem that begins with...
Fixing bond markets
Updated 01 Oct, 2026

Fixing bond markets

Pension funds, insurance companies, mutual funds, retail investors, and eventually, foreign investors must become bigger participants in the market.
Call centre rackets
01 Oct, 2026

Call centre rackets

A NUMBER of recent raids conducted by the authorities in different cities point to the growing threat fraudulent ...
Homeward bound
01 Oct, 2026

Homeward bound

FIVE months after Somali pirates captured an oil tanker carrying a 19-member multinational crew, Somali maritime...
Dawn News English Podcasts
Subscribe