SBP reduces markup rate to 5 percent on refinance schemes for investment and introduces other enhancements

Taking cognizance of the negative fallout of COVID-19 Pandemic for the economy, State Bank of Pakistan (SBP) has been constantly taking steps to safeguard the businesses and households and a reduction in the policy rate has been a key step since March 2020. SBP has reduced the policy rate by… Continue reading

SBP extends its relief package to borrowers availing loans under refinance schemes

KARACHI Expanding the scope of its recently announced relief package for households and businesses, State Bank of Pakistan (SBP) has taken another major step today. State Bank has allowed similar relaxations, as provided under the relief package, on its concessional refinance schemes. Under various refinance schemes loans are provided with… Continue reading