KARACHI: Pakistan Stock Exchange above the 98,000 mark on Friday as share prices surged more than 2,000 points in intraday trade
Recovery of loans worth Rs 432 billion under refinancing scheme to protect businesses delayed - SBP
ISLAMABAD: To protect businesses from the effects of Code-19, the recovery of loans amounting to Rs 432 billion under the State Bank of Pakistan's refinancing scheme has been delayed so far. The State Bank of Pakistan, in partnership with the Pakistan Banks Association, last month launched a scheme to defer recovery of principal.
To avail the refinancing facility, the borrowers have to submit a written application to the concerned bank before June 30 and the borrowers will pay the interest under the agreed terms and conditions. According to the details released by the State Bank of Pakistan, the credit history of the beneficiaries of the refinancing facility will not be affected and their details will not be given in the data of the credit bureau.
The SBP has said that the total principal receivable till next year is Rs 4.70 trillion.
You May Also Like
TEHRAN: The head of Iran’s Revolutionary Guards described the arrest warrant issued by the International Criminal Court for Israeli Prime
LOWER KURRAM: The death toll in yesterday’s gun attack on passenger vans in Khyber Pakhtunkhwa’s Lower Kurram has risen to 42,
