{"id":66845,"date":"2020-06-18T18:00:33","date_gmt":"2020-06-18T13:00:33","guid":{"rendered":"https:\/\/www.zameen.com\/news\/?p=66845"},"modified":"2020-06-18T18:00:34","modified_gmt":"2020-06-18T13:00:34","slug":"ecc-approves-sbp-scheme-preventing-layoffs-workers","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/ecc-approves-sbp-scheme-preventing-layoffs-workers.html","title":{"rendered":"ECC approves SBP scheme for preventing layoffs of workers"},"content":{"rendered":"\n<p>Islamabad: The Economic Coordination Committee (ECC) of the Cabinet on Wednesday approved the State Bank of Pakistan (SBP)\u2019s scheme for preventing layoffs amid the coronavirus situation in the country, a news source reported.<\/p>\n\n\n\n<p><strong>Read<\/strong>: <a href=\"https:\/\/www.zameen.com\/news\/sbps-refinance-scheme-expected-save-850000-workers-losing-jobs.html\" target=\"_blank\" rel=\"noreferrer noopener\">SBP\u2019s Refinance Scheme expected to save 850,000 workers from losing jobs<\/a><\/p>\n\n\n\n<p>The approval for the Risk Sharing Facility for SBP Refinance Scheme came during a meeting chaired by Advisor to the Prime Minister (PM) on Finance Dr Abdul Hafeez Shaikh. Officials informed the meeting that the scheme supports the provision of credit at a concessional rate to businesses to save employees from layoffs. Via this credit, businesses will commit to not laying off workers until September, they added. Additionally, the scheme would cover 60% of the losses incurred by the SMEs sector, officials said.<\/p>\n\n\n\n<p><strong>Read<\/strong>: <a href=\"https:\/\/www.zameen.com\/news\/sbp-to-finance-businesses-payroll-under-rozgar-scheme.html\" target=\"_blank\" rel=\"noreferrer noopener\">SBP to finance businesses\u2019 payroll under Rozgar Scheme<\/a><\/p>\n\n\n\n<p>Earlier, borrowers having turnover up to PKR 800 million could avail the SBP scheme. Now, the eligibility for the scheme has been increased up to PKR 2 billion. On the other hand, the ECC meeting approved PKR 100 million for locust control in Punjab.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Islamabad: The Economic Coordination Committee (ECC) of the Cabinet on Wednesday approved the State Bank of Pakistan (SBP)\u2019s scheme for preventing layoffs amid the coronavirus situation in the country, a news source reported. Read: SBP\u2019s Refinance Scheme expected to save 850,000 workers from losing jobs The approval for the Risk Sharing Facility for SBP Refinance Scheme came during a meeting chaired by Advisor to the Prime Minister (PM) on Finance Dr Abdul Hafeez Shaikh. Officials informed the meeting that the scheme supports the provision of credit at a concessional rate to businesses to save employees from layoffs. Via this credit, businesses will commit to not laying off workers until September, they added. Additionally, the scheme would cover 60% of the losses incurred by the SMEs sector, officials said. Read: SBP to finance businesses\u2019 payroll under Rozgar Scheme Earlier, borrowers having turnover up to PKR 800 million could avail the SBP scheme. Now, the eligibility for the scheme has been increased up to PKR 2 billion. On the other hand, the ECC meeting approved PKR 100 million for locust control in Punjab.<\/p>\n","protected":false},"author":68,"featured_media":60606,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[15017,15020],"tags":[32182],"persona":[],"class_list":{"0":"post-66845","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-notices-announcements","8":"category-social-developments","9":"tag-details-on-ecc-approves-sbp-scheme-for-preventing-layoffs-of-workers","10":"cat-15017-id","11":"cat-15020-id"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>ECC approves SBP scheme for preventing layoffs of workers - Zameen News<\/title>\n<meta name=\"description\" content=\"The ECC of the Cabinet on Wednesday approved the State Bank of Pakistan (SBP)\u2019s scheme for preventing layoffs amid the coronavirus situation in the country.\" \/>\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\/ecc-approves-sbp-scheme-preventing-layoffs-workers.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"ECC approves SBP scheme for preventing layoffs of workers - Zameen News\" \/>\n<meta property=\"og:description\" content=\"The ECC of the Cabinet on Wednesday approved the State Bank of Pakistan (SBP)\u2019s scheme for preventing layoffs amid the coronavirus situation in the country.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zameen.com\/news\/ecc-approves-sbp-scheme-preventing-layoffs-workers.html\" \/>\n<meta property=\"og:site_name\" content=\"Pakistan Real Estate News &amp; 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