Circulars/Notifications / Infrastructure, Housing & SME Finance Department  

 IH&SMEFD Circular No. 03 of 2020
March 17, 2020

The Presidents/ Chief Executives,
All Banks / DFIs


Dear Sir/Madam,

Refinance Facility for Combating COVID - 19 (RFCC)

To combat the impact of COVID-19, State Bank of Pakistan (SBP) has introduced a time bound emergency support for hospitals & medical centers by providing refinance facility to develop capacity for treatment of infected patients of COVID 19. Salient features of the scheme are as follows:

  1. Scope & Eligibility Criteria: Long term finance facility for purchase of new imported and locally manufactured medical equipment to be used for combating COVID-19. All hospitals and medical centers registered with respective provincial/federal agencies/commissions engaged in controlling and eradication of COVID-19 will be eligible under the facility.
  2. Maximum financing limit: Rs.200 Million (per Hospital/Medical Centre)
  3. Tenor: 5 years including grace period of up to 6 months
  4. Civil Work: Up to 60% cost of civil works for setting up of isolation wards only
  5. End User Rate: Maximum 3% per annum (SBP rate of refinance will be 0%)
  6. Repayment: Quarterly/ half-yearly
  7. Validity of the facility: 30th September, 2020


2. The facility shall be effective immediately. Details of the facility are provided in the attached Annexures.



Annex-I: Refinance Facility for Combating COVID - 19

Annex-II: Documents for Refinance Facility for Combating COVID - 19

Yours sincerely,

(Dr. Mian Farooq Haq)


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