1/6 #SBP enhances refinance limits under its #RozgarScheme to finance up to 100% of wages/salaries of businesses with average 3month wage bill of up to Rs500mn for onward payments for April, May and June, 2020. Details: sbp.org.pk/press/2020/Pr-…
2/6 For businesses with 3-month wage bill exceeding Rs500 million, SBP will now finance up to 75% with maximum financing of Rs1 billion.
3/6 Businesses that had earlier availed lower financing due to applicable limits can now avail additional financing on the basis of revised criteria. Details: sbp.org.pk/smefd/circular…
4/6 #SBP also extends the availability of its refinance scheme to non-deposit taking financial institutions as well that can now avail financing for payment of wages/salaries of their employees.
5/6 So far, banks have received requests of more than 1,440 businesses for financing of over Rs. 103 billion for providing wages/salaries to around 1 million employees whose jobs have been supported because of this scheme.
6/6 Of this amount, banks have already approved financing of Rs 47 billion for 500 companies covering over 450,000 employees.
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