SBP extends the provision for debt deferment until Sept. 30

The State Bank of Pakistan (SBP) extended the principal amount deferment facility for small and medium-sized enterprises (SMEs) until the end of September FY21, owing to the pandemic economic slump.

“Considering the fact that Covid-19 pandemic is continuing to stress the cash flow of small and medium- sized businesses and households, SBP has decided to extend the Deferment of Principal Amount facility up till 30th September 2020,” the central bank said.

This facility will be available for SME financing, consumer financing, housing finance, agriculture finance and micro financing only.

The post SBP extends the provision for debt deferment until Sept. 30 appeared first on Rava.

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