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23 Apr | Thursday
SBP issue guidelines to dampen Covid-19 effects

State Bank of Pakistan (SBP) on Thursday issued guidelines for implementation of regulatory relief to dampen the effects of COVID-19 to facilitate customers of Islamic Banking Institutions (IBIs).
The SBP said that in order to dampen the adverse effects of COVID-19 and to enable the banks/DFIs continue to fulfill their role in funding the real economy, the SBP has provided regulatory relief on March 26, 2020 by revising the prudential regulations for corporate/commercial banking, consumer financing, agriculture financing, microfinance, SME financing and housing finance.

source: PkRevenue
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