Sunday, 09 August 2020, 04:38:03 am
SBP to extend Deferment of Principal Amount facility up till Sept 30
July 08, 2020

State Bank of Pakistan (SBP) has decided to extend the Deferment of Principal Amount facility up till 30th September this year.

In a statement, the State Bank said the decision has been taken in view of COVID-19 pandemic, which continues to stress the cash flow of small and medium sized businesses and households.

However, it said this facility will be available only for Small and Medium Enterprise Financing, Consumer Financing, Housing Finance, Agriculture Finance and Micro financing.

The facility is not being extended to corporates and commercial borrowers.