{"id":67683,"date":"2020-07-08T10:22:00","date_gmt":"2020-07-08T05:22:00","guid":{"rendered":"https:\/\/www.zameen.com\/news\/?p=67683"},"modified":"2020-07-07T18:30:17","modified_gmt":"2020-07-07T13:30:17","slug":"protective-gear-equipment-manufacturers-allowed-avail-sbps-coronavirus-refinance-facility","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/protective-gear-equipment-manufacturers-allowed-avail-sbps-coronavirus-refinance-facility.html","title":{"rendered":"Protective gear, equipment manufacturers allowed to avail SBP&#8217;s coronavirus refinance facility"},"content":{"rendered":"\n<p>Karachi: The State Bank of Pakistan (SBP) on Monday allowed the manufacturers of protective gear and equipment to avail its Refinance Facility to Combat Covid-19 (RFCC) \u2014 a news source reported. SBP had launched the RFCC on March 17 earlier this year following the outbreak of the coronavirus pandemic.<\/p>\n\n\n\n<p>Read: <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>According to the details available, under the said facility, the SBP provides a refinance utility to the banks at a 0% rate, while banks are allowed a maximum of 3% margin for providing the facility to companies combating the detrimental consequences of the coronavirus pandemic. Some of the banks, in turn, have been providing the refinance at minimal margins as a part of their Corporate Social Responsibility (CSR).<\/p>\n\n\n\n<p>Under the expanded RFCC, manufacturers of protective gears and equipment \u2014 including items such as masks, dresses, testing kits, hospital beds, and ventilators \u2014 are also allowed to avail RFCC financing. The SBP has also extended RFCC to include hospitals other than the ones serving coronavirus patients.<\/p>\n\n\n\n<p>Read: <a href=\"https:\/\/www.zameen.com\/news\/sbp-introduces-refinance-scheme-to-support-employment-for-smes.html\" target=\"_blank\" rel=\"noreferrer noopener\">SBP introduces \u2018Refinance Scheme to Support Employment\u2019 for SMEs<\/a><\/p>\n\n\n\n<p>Between March 17 and July 2, a total of PKR 6.4 billion of concessionary credit has been approved for various hospitals and companies under the RFCC.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Karachi: The State Bank of Pakistan (SBP) on Monday allowed the manufacturers of protective gear and equipment to avail its Refinance Facility to Combat Covid-19 (RFCC) \u2014 a news source reported. SBP had launched the RFCC on March 17 earlier this year following the outbreak of the coronavirus pandemic. Read: SBP\u2019s Refinance Scheme expected to save 850,000 workers from losing jobs According to the details available, under the said facility, the SBP provides a refinance utility to the banks at a 0% rate, while banks are allowed a maximum of 3% margin for providing the facility to companies combating the detrimental consequences of the coronavirus pandemic. Some of the banks, in turn, have been providing the refinance at minimal margins as a part of their Corporate Social Responsibility (CSR). Under the expanded RFCC, manufacturers of protective gears and equipment \u2014 including items such as masks, dresses, testing kits, hospital beds, and ventilators \u2014 are also allowed to avail RFCC financing. The SBP has also extended RFCC to include hospitals other than the ones serving coronavirus patients. Read: SBP introduces \u2018Refinance Scheme to Support Employment\u2019 for SMEs Between March 17 and July 2, a total of PKR 6.4 billion of concessionary&hellip;<\/p>\n","protected":false},"author":57,"featured_media":64432,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[15017],"tags":[34022,34025,21853],"persona":[],"class_list":{"0":"post-67683","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-notices-announcements","8":"tag-protective-gear","9":"tag-sbp-refinance-facility-to-combat-coronavirus","10":"tag-state-bank-of-pakistan-sbp","11":"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>Protective gear, equipment manufacturers allowed to avail SBP&#039;s refinance facility - Zameen News<\/title>\n<meta name=\"description\" content=\"Karachi: The State Bank of Pakistan (SBP) on Monday allowed the manufacturers of protective gear and equipment to avail its Refinance Facility to Combat Covid-19 (RFCC) \u2014 a news source reported.\" \/>\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\/protective-gear-equipment-manufacturers-allowed-avail-sbps-coronavirus-refinance-facility.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Protective gear, equipment manufacturers allowed to avail SBP&#039;s refinance facility - Zameen News\" \/>\n<meta property=\"og:description\" content=\"Karachi: The State Bank of Pakistan (SBP) on Monday allowed the manufacturers of protective gear and equipment to avail its Refinance Facility to Combat Covid-19 (RFCC) \u2014 a news source reported.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zameen.com\/news\/protective-gear-equipment-manufacturers-allowed-avail-sbps-coronavirus-refinance-facility.html\" \/>\n<meta property=\"og:site_name\" content=\"Pakistan Real Estate News &amp; 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