The Monetary Policy Committee (MPC) reduced the policy rate by a cumulative 625 basis points from 13.25 percent to 7 percent in a short span of time from mid-March to June 2020.
Temporary Economic Refinance Facility (TERF) is a concessionary refinance facility aimed at promoting investment both new and expansion and/or Balancing, Modernization and Replacement (BMR).
Loan Extension and Restructuring Package of State Bank of Pakistan (Debt Relief Scheme) was announced to facilitate the borrowers in restructuring and deferment of their loans.
This time bound Refinance Facility to Combat Covid-19 (RFCC) aims at enhancing the capacity of health sector of the country to deal with health emergency especially in the backdrop of COVID-19.
The Scheme aims to prevent layoff by financing wages and salaries of employees (permanent, contractual, daily wagers as well as outsourced) for six months for all kind of businesses except for Government entities.
