Commercial Banks approve financing of 61 billion under SBP’s Rozgar refinance Scheme

News Image

By MG News | May 19, 2020 at 11:11 AM GMT+05:00

0:00

May 19, 2020 (MLN): Businesses have started to benefit from SBP’s Rozgar Refinance Scheme as Commercial Banks have received applications from businesses to avail financing under the scheme for payment of wages and salaries of their employees.

This scheme would provide benefits to middle and large businesses, which employ a large number of people to prevent lay off workers for 3 months.

The total amount of loans would be 120 billion which will cover more than 1.1 million employees whose jobs will be supported under this scheme.

Of the total applications received by commercial banks under this scheme, banks have already approved financing of 61 billion covering 600,000 jobs, and the rest are in process.

Copyright Mettis Link News

 

Related News

Name Price/Vol %Chg/NChg
KSE100 132,722.37
119.98M
-0.51%
-680.82
ALLSHR 83,053.18
673.17M
-0.16%
-134.88
KSE30 40,400.64
43.57M
-0.62%
-250.82
KMI30 191,099.28
50.54M
-0.51%
-984.64
KMIALLSHR 55,786.75
342.77M
-0.11%
-60.95
BKTi 36,206.55
7.74M
-0.59%
-216.33
OGTi 28,376.05
8.67M
-0.22%
-61.56
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 109,185.00 109,545.00
108,625.00
-30.00
-0.03%
BRENT CRUDE 70.61 70.68
69.85
0.46
0.66%
RICHARDS BAY COAL MONTHLY 97.50 0.00
0.00
2.05
2.15%
ROTTERDAM COAL MONTHLY 106.65 106.65
106.25
0.50
0.47%
USD RBD PALM OLEIN 998.50 998.50
998.50
0.00
0.00%
CRUDE OIL - WTI 68.83 68.90
67.78
0.50
0.73%
SUGAR #11 WORLD 16.28 16.29
16.08
0.15
0.93%

Chart of the Day


Latest News

Top 5 things to watch in this week

Pakistan Stock Movers
Name Last Chg/%Chg
Name Last Chg/%Chg