We would like to inform you that due to the emerging situation of Covid-19, State Bank of Pakistan (SBP) has continuously working on relief packages and schemes to facilitate the business community. SBP is trying to focus to reduce the impact of COVID-19 on economic growth and employment. In this context, SBP has announced following schemes and measures to support the business community in the current crisis caused by COVID-19:

• Temporary Economic Refinance Facility (TERF)
• Islamic Temporary Economic Refinance Facility (ITERF)
• Refinance Facility for Combating COVID – 19 (RFCC)
• Islamic Refinance Facility for Combating COVID – 19 (IRFCC)
• Relaxations to Exporters under Export Finance Scheme (EFS)/Islamic Export Refinance
• Scheme (IERS) and Long Term Financing Facility (LTFF)/Islamic Long Term Financing Facility (ILTFF)
• Refinance Scheme for Payment of Wages & Salaries to the Workers and Employees of Business Concerns
• Islamic Refinance Scheme for Payment of Wages & Salaries to the Workers and Employees of Business Concerns

The details of aforementioned schemes and relief package: http://www.sbp.org.pk/corona.asp FAQ’s regarding relief packages and refinance is also attached herewith for your information. For further details you may please contact:

Mr. Mudassar Ali Khan

(Focal Person for SBP COVID19 Schemes in Lahore Region)

Email at mudassar.khan@sbp.org.pk or Cell: 0324-5551984

Thanking you,

Yours sincerely,

Majid Shabbir

Secretary General