{"id":67699,"date":"2020-07-08T14:49:30","date_gmt":"2020-07-08T09:49:30","guid":{"rendered":"https:\/\/www.zameen.com\/news\/?p=67699"},"modified":"2020-07-08T14:50:03","modified_gmt":"2020-07-08T09:50:03","slug":"sbp-announces-extension-facility-deferred-principal-amount-payments","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/sbp-announces-extension-facility-deferred-principal-amount-payments.html","title":{"rendered":"SBP announces extension in facility for deferred principal amount payments"},"content":{"rendered":"\n<p>Karachi: The State Bank of Pakistan (SBP) has extended its facility allowing for the deferred payments of principal amounts on financing for certain sectors till September 30 \u2014 a news source reported earlier today (July 8).<\/p>\n\n\n\n<p>Read: <a href=\"https:\/\/www.zameen.com\/news\/covid-19-relief-measures-sbp-offers-one-year-extension-loan-repayments.html\" target=\"_blank\" rel=\"noreferrer noopener\">COVID-19 relief measure: SBP offers one-year extension on loan repayments<\/a><\/p>\n\n\n\n<p>The facility will now only be available on financing for the following sectors:<\/p>\n\n\n\n<ol class=\"wp-block-list\" type=\"i\"><li>Small and medium enterprise (SME)\u00a0<\/li><li>Consumer<\/li><li>Housing<\/li><li>Agriculture-related finance<\/li><li>Micro-financing only<\/li><\/ol>\n\n\n\n<p>The central bank has not extended the facility for corporate and commercial borrowers. This is because the loans for such borrowers have already been deferred, while the extension is actually for the benefit of smaller businesses and households.<\/p>\n\n\n\n<p>The State Bank had announced the facility back on March 26, in collaboration with the Pakistan Banks Association (PBA). These and other facilities announced were meant to assist businesses and families in getting through the tough financial period preceding and during the coronavirus pandemic and the lockdown announced to fight its spread. \u00a0<\/p>\n\n\n\n<p>Read: <a href=\"https:\/\/www.zameen.com\/news\/sbp-extends-rozgar-scheme-deadline.html\" target=\"_blank\" rel=\"noreferrer noopener\">SBP extends Rozgar Scheme deadline to save jobs<\/a><\/p>\n\n\n\n<p>The facility allowed businesses and families to have their loans and advances deferred for a period of one year, as they continued to pay the same mark up during this difficult times.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Karachi: The State Bank of Pakistan (SBP) has extended its facility allowing for the deferred payments of principal amounts on financing for certain sectors till September 30 \u2014 a news source reported earlier today (July 8). Read: COVID-19 relief measure: SBP offers one-year extension on loan repayments The facility will now only be available on financing for the following sectors: Small and medium enterprise (SME)\u00a0 Consumer Housing Agriculture-related finance Micro-financing only The central bank has not extended the facility for corporate and commercial borrowers. This is because the loans for such borrowers have already been deferred, while the extension is actually for the benefit of smaller businesses and households. The State Bank had announced the facility back on March 26, in collaboration with the Pakistan Banks Association (PBA). These and other facilities announced were meant to assist businesses and families in getting through the tough financial period preceding and during the coronavirus pandemic and the lockdown announced to fight its spread. \u00a0 Read: SBP extends Rozgar Scheme deadline to save jobs The facility allowed businesses and families to have their loans and advances deferred for a period of one year, as they continued to pay the same mark up during&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":[34047,34046,34048,21853],"persona":[],"class_list":{"0":"post-67699","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-notices-announcements","8":"tag-deferred-payments-of-principal-amounts-on-financing","9":"tag-loan-repayment-deferral","10":"tag-sbp-announces-extension-in-facility-for-deferred-principal-amount-payments","11":"tag-state-bank-of-pakistan-sbp","12":"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 extends deferred principal amount facility - Zameen News<\/title>\n<meta name=\"description\" content=\"Karachi: The State Bank of Pakistan (SBP) has extended its facility allowing for the deferred payments of principal amounts on financing for certain sectors till September 30 \u2014 a news source reported earlier today (July 8).\" \/>\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-extension-facility-deferred-principal-amount-payments.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"SBP extends deferred principal amount facility - Zameen News\" \/>\n<meta property=\"og:description\" content=\"Karachi: The State Bank of Pakistan (SBP) has extended its facility allowing for the deferred payments of principal amounts on financing for certain sectors till September 30 \u2014 a news source reported earlier today (July 8).\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zameen.com\/news\/sbp-announces-extension-facility-deferred-principal-amount-payments.html\" \/>\n<meta property=\"og:site_name\" content=\"Pakistan Real Estate News &amp; 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