{"id":63340,"date":"2020-03-29T10:00:00","date_gmt":"2020-03-29T05:00:00","guid":{"rendered":"https:\/\/www.zameen.com\/news\/?p=63340"},"modified":"2020-03-27T18:03:28","modified_gmt":"2020-03-27T13:03:28","slug":"sbp-announces-debt-relief-measures-amid-coronavirus","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/sbp-announces-debt-relief-measures-amid-coronavirus.html","title":{"rendered":"SBP announces debt relief measures amid coronavirus crunch"},"content":{"rendered":"\n<p>Karachi: The State Bank of Pakistan (SBP) and the Pakistan Banks Association (PBA) have launched a comprehensive package to help households, businesses, and other stakeholders deal with the country&#8217;s ongoing <a href=\"https:\/\/www.zameen.com\/news\/sbp-cuts-interest-rate-1-5-amid-coronavirus-pandemic.html\" target=\"_blank\" rel=\"noreferrer noopener\" aria-label=\"COVID-19 (opens in a new tab)\">COVID-19<\/a>-induced economic crunch, according to news sources. <\/p>\n\n\n\n<p><strong>Read:<\/strong> <a href=\"https:\/\/www.zameen.com\/news\/regulations-revised-facilitate-medica-equipment-import.html\" target=\"_blank\" rel=\"noreferrer noopener\" aria-label=\"SBP revises regulations to facilitate import of medical equipment (opens in a new tab)\">SBP revises regulations to facilitate import of medical equipment<\/a><\/p>\n\n\n\n<p>This\nrelief package is expected to assist microfinance, corporate, commercial,\nretail, agriculture and small and medium enterprises (SMEs) with effectively\nmanaging their finances in the wake of the pandemic.<\/p>\n\n\n\n<p>According to SBP, the loan-able funds have been increased in the overall banking sector. Additionally, the SBP has reduced the Capital Conservation Buffer (CCB) from 2.50% to 1.5% in a bid to help the banks in the provision of additional loans to the business community. This step will enable the banks to lend PKR 800 billion in additional loans to help them in the wake of COVID-19 pandemic. <\/p>\n\n\n\n<p> <strong>Read:<\/strong> <a href=\"https:\/\/www.zameen.com\/news\/sbp-shares-details-interest-rate-reductions.html\" target=\"_blank\" rel=\"noreferrer noopener\" aria-label=\"SBP shares details on interest rate reductions (opens in a new tab)\">SBP shares details on interest rate reductions<\/a><\/p>\n\n\n\n<p>Moreover,\nthe regulatory limit on credit extension for SMEs has been permanently\nincreased from PKR 125 million per SME to PKR 180 million, effective\nimmediately.<\/p>\n\n\n\n<p>The\nSBO has also relaxed the Debt Burden Ratio (CBR) for consumer loans from 50% to\n60%, which will allow 2.3 million individuals to borrow more from the banks.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Karachi: The State Bank of Pakistan (SBP) and the Pakistan Banks Association (PBA) have launched a comprehensive package to help households, businesses, and other stakeholders deal with the country&#8217;s ongoing COVID-19-induced economic crunch, according to news sources. Read: SBP revises regulations to facilitate import of medical equipment This relief package is expected to assist microfinance, corporate, commercial, retail, agriculture and small and medium enterprises (SMEs) with effectively managing their finances in the wake of the pandemic. According to SBP, the loan-able funds have been increased in the overall banking sector. Additionally, the SBP has reduced the Capital Conservation Buffer (CCB) from 2.50% to 1.5% in a bid to help the banks in the provision of additional loans to the business community. This step will enable the banks to lend PKR 800 billion in additional loans to help them in the wake of COVID-19 pandemic. Read: SBP shares details on interest rate reductions Moreover, the regulatory limit on credit extension for SMEs has been permanently increased from PKR 125 million per SME to PKR 180 million, effective immediately. The SBO has also relaxed the Debt Burden Ratio (CBR) for consumer loans from 50% to 60%, which will allow 2.3 million individuals&hellip;<\/p>\n","protected":false},"author":75,"featured_media":60606,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[15017],"tags":[24530],"persona":[],"class_list":{"0":"post-63340","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-notices-announcements","8":"tag-sbp-announces-debt-relief-measures-amid-coronavirus-crunch","9":"cat-15017-id"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>SBP announces debt relief measures amid coronavirus - Zameen News<\/title>\n<meta name=\"description\" content=\"SBP and the PBA have launched a comprehensive package to help households, businesses, and other stakeholders deal with the country&#039;s ongoing COVID-1\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.zameen.com\/news\/sbp-announces-debt-relief-measures-amid-coronavirus.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"SBP announces debt relief measures amid coronavirus - Zameen News\" \/>\n<meta property=\"og:description\" content=\"SBP and the PBA have launched a comprehensive package to help households, businesses, and other stakeholders deal with the country&#039;s ongoing COVID-1\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zameen.com\/news\/sbp-announces-debt-relief-measures-amid-coronavirus.html\" \/>\n<meta property=\"og:site_name\" content=\"Pakistan Real Estate News &amp; 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