KARACHI: State Bank of Pakistan (SBP) has facilitated exporters and banks by digitizing the process for obtaining refinance under Export Finance Scheme (EFS). The process has been digitized for both conventional and Shariah compliant versions, the SBP said on Wednesday. READ MORE: SBP warns banks of penal action for delaying transaction alerts Digitization of the […]

KARACHI: The State Bank of Pakistan (SBP) has allocated an additional amount of Rs190 billion under refinancing schemes for exporters during fiscal year 2020/2021, a statement said on Wednesday. In order to further facilitate the exporters, SBP enhanced the limit of refinancing provided to the banks under Exports Finance Scheme (EFS) by Rs100 billion. Hence, […]

KARACHI: The State Bank of Pakistan (SBP) on Wednesday further reduced interest rate for loan obtained for wages and salaries under business incentive scheme. SBP has enhanced the incentive to business which are active tax payers by reducing the mark up rate for them to 3 percent that was set as 4 percent earlier. Now […]

KARACHI: State Bank of Pakistan (SBP) on Thursday launched refinance and credit guarantee scheme for women entrepreneurs in order to support and revive economic activities in the country. The SBP said that the financing would be available to women entrepreneurs across the country for a period of up to 5 years, including maximum grace period […]