KARACHI: The State Bank of Pakistan (SBP) has saved more than 200,000 people from becoming unemployed due to the Korna virus.
According to a statement issued by the central bank, the SBP has issued concessional loans to various companies to prevent layoffs.
https://twitter.com/StateBank_Pak/status/1258746023956094977?s=20
According to the statement, so far the SBP has issued loans of Rs 23 billion to 209 companies, which has secured the jobs of 220,000 employees.
The SBP says that loans are being given to companies at an interest rate of 3% and at present a total of 1100 companies are considering loan applications of Rs 90 billion.
According to the SBP, the issuance of loans will save the employment of 850,000 employees.
It may be recalled that the State Bank of Pakistan while introducing a new scheme, had decided to lend to companies at concessional interest rates equal to the salaries of the employees, and this decision was taken by the companies to encourage people not to lay off their jobs from April to June. Was made for.
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