Buffering businesses from coronavirus: State Bank unveils Rs105 billion stimulus package
By Our Correspondent
March 18, 2020
KARACHI: The central bank on Tuesday earmarked more than Rs100 billion in
concessionary loans for manufacturing and health sectors to help them combat the coronavirus challenges. The State Bank of Pakistan announced refinance facilities to support manufacturing and health sectors to overcome the ill-effects of Covid-19. The relief came on the heels of 75 basis points reduction in interest rate to 12.50 percent that was less than the market’s anticipation in the wake of economic slowdown.
-
Queens Mother Arrested After Abducting Child From Court-ordered Visit -
Sarah Ferguson Ready To ‘spread Her Wings’ After Separating From ‘disgraced’ Andrew -
Finn Wolfhard Shares How Industry Views Him Post 'Stranger Things' -
Dylan O'Brien Gets Nostalgic After Reunion With Old Friend -
UK Doctors Warn Screen Time Is Harming Children’s Health -
Meghan Markle To Get Police Protection In UK If Travelling With Archie, Lilibet -
Spencer Pratt Expresses Hope For Taylor Swift, Travis Kelce's Wedding Invite -
Evan Peters Makes Unexpected Confession About 'American Horror Story' Season 13 -
Kentucky Grandmother Arrested After Toddlers With Broken Skulls, Ribs -
European Space Agency Hit By Cyberattack, Hundreds Of GBs Data Leaked -
Elon Musk’s XAI Launches World’s First Gigawatt AI Supercluster To Rival OpenAI And Anthropic -
Google Adds On-device AI Scam Detection To Chrome -
First Ocean Robot Launched To Monitor 'Category 5' Hurricanes -
Gwyneth Paltrow Gets Honest About Filming Intimate Scenes With Timothee Chalamet -
Duke's Peace Talks With King Charles, Prince William: 'Ball Is In Harry's Court' -
New Research Finds Back Pain May Disrupt Men’s Sleep Quality Later In Life