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SBP enhances loan limits and expands relief measures for microfinance borrowers

The Biz Update4 years ago1 year ago03 mins

Karachi, August 11, 2020: State Bank of Pakistan (SBP) has enhanced the limits for housing finance and microenterprise loans up to Rs3 million from the existing limit of Rs1 million for borrowings from the microfinance banks. Likewise, the maximum size of general loans has been enhanced from Rs150,000 to Rs350,000. Further, to commensurate with enhanced…

Business

State Bank enhances scope and financing limits under its Rozgar Scheme

The Biz Update4 years ago1 year ago06 mins

Karachi, May 11, 2020: Since its launch of Refinance Scheme to Support Employment and Prevent Layoff of Workers, called Rozgar Scheme in common parlance, State Bank has been constantly receiving feedback from various stakeholders, making the scheme more facilitative for businesses and creating incentives to prevent layoff of employees under current COVID Pandemic scenario. Many…