SBP unveils debt relief measures for individuals, businesses

Dawn | Mar 27, 2020 at 6:46 AM
  • The State Bank of Pakistan (SBP) in collaboration with the Pakistan Banks Association (PBA) unveiled a comprehensive package to help households, businesses and other stakeholders in the wake of cornonavirus-driven economic slowdown.
  • Moreover, in order to support the banking sector to supply additional loans to businesses and households, the SBP has reduced the Capital Conservation Buffer (CCB) from its existing level of 2.50 per cent to 1.5pc.
  • For borrowers whose financial conditions require relief beyond extension of principal repayment for one year, SBP has relaxed the regulatory criteria for restructuring and rescheduling of loans.