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March 26, 2020

JS Bank offers financing to hospitals

Business

 
March 26, 2020

KARACHI: JS Bank has introduced financing of up to Rs200 million to hospitals and medical centres for the purchase of equipment to detect, contain and treat patients infected by COVID-19, a statement said on Wednesday.

Under this the State Bank of Pakistan-designed scheme, all medical centres registered with the federal or provincial health governing bodies, engaged in the control and eradication of COVID-19 will be eligible to avail the credit line at a minimal markup rate of only 3 percent/annum for a duration of five years, it added.