{"id":64534,"date":"2020-04-22T17:58:00","date_gmt":"2020-04-22T12:58:00","guid":{"rendered":"https:\/\/www.zameen.com\/news\/?p=64534"},"modified":"2020-04-23T16:11:17","modified_gmt":"2020-04-23T11:11:17","slug":"interest-rate-lower-companies-retaining-employees","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/interest-rate-lower-companies-retaining-employees.html","title":{"rendered":"Interest rate lowered to 5% for companies that retain employees: Baqir"},"content":{"rendered":"\n<p>Islamabad: State Bank of Pakistan Governor Raza Baqir recently announced the central bank\u2019s decision to accommodate delays in loan interest payments, along with providing loans at the rate of 5% interest per annum, for companies that refrain from firing their employees during the course of the coronavirus pandemic \u2014 a news source reported.<\/p>\n\n\n\n<p>Read: <a href=\"https:\/\/www.zameen.com\/news\/sbp-asked-provide-easy-loans-small-businesses.html\" target=\"_blank\" rel=\"noreferrer noopener\">SBP asked to provide easy loans to small businesses<\/a><\/p>\n\n\n\n<p>Providing further details on the matter, the governor said that the loans would be granted within 15 days and that if a company faced any difficulties during the process, then they should contact the State Bank directly. He added that the federal government had the power to waive off the interest rate payments altogether; however, the state would have to provide the banks a subsidy if they did so.<\/p>\n\n\n\n<p>Read: <a href=\"https:\/\/www.zameen.com\/news\/85000-pakistanis-availed-loan-relief-schemes-sbp.html\" target=\"_blank\" rel=\"noreferrer noopener\">85,000 Pakistanis have availed loan relief schemes: SBP<\/a><\/p>\n\n\n\n<p>Governor Baqir made these comments while briefing a National Assembly committee on State Bank matters through a video link. During the session, he further revealed that the central bank had recently pushed forward the deadline for the repayment of loans worth nearly PKR 1 trillion, and that other such relief measures were also under consideration.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Islamabad: State Bank of Pakistan Governor Raza Baqir recently announced the central bank\u2019s decision to accommodate delays in loan interest payments, along with providing loans at the rate of 5% interest per annum, for companies that refrain from firing their employees during the course of the coronavirus pandemic \u2014 a news source reported. Read: SBP asked to provide easy loans to small businesses Providing further details on the matter, the governor said that the loans would be granted within 15 days and that if a company faced any difficulties during the process, then they should contact the State Bank directly. He added that the federal government had the power to waive off the interest rate payments altogether; however, the state would have to provide the banks a subsidy if they did so. Read: 85,000 Pakistanis have availed loan relief schemes: SBP Governor Baqir made these comments while briefing a National Assembly committee on State Bank matters through a video link. During the session, he further revealed that the central bank had recently pushed forward the deadline for the repayment of loans worth nearly PKR 1 trillion, and that other such relief measures were also under consideration.<\/p>\n","protected":false},"author":57,"featured_media":60606,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[15017],"tags":[27016],"persona":[],"class_list":{"0":"post-64534","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-notices-announcements","8":"tag-interest-rate-lowered-to-5-for-companies-that-retain-employees-baqir","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>Interest rate lowered to 5% for companies that retain employees: Baqir - Zameen News<\/title>\n<meta name=\"description\" content=\"Islamabad: State Bank of Pakistan Governor Raza Baqir recently announced the central bank\u2019s decision to accommodate delays in loan interest payments,\" \/>\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\/interest-rate-lower-companies-retaining-employees.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Interest rate lowered to 5% for companies that retain employees: Baqir - Zameen News\" \/>\n<meta property=\"og:description\" content=\"Islamabad: State Bank of Pakistan Governor Raza Baqir recently announced the central bank\u2019s decision to accommodate delays in loan interest payments,\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zameen.com\/news\/interest-rate-lower-companies-retaining-employees.html\" \/>\n<meta property=\"og:site_name\" content=\"Pakistan Real Estate News &amp; 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