Medica­l centre­s will get financ­ing agains­t existi­ng equipm­entKARACHI: The State Bank of Pakistan (SBP) has initiated a number of measures to support the economy in the wake of Covid-19 outbreak. “One of the earliest measures taken by the SBP was to support hospitals by providing them a facility to meet their financial needs, namely the SBP Refinance Facility to Combat Covid-19 (RFCC), on March 17,” the central bank said in a statement on Monday. “Banks have been directed to ensure that financing extended under this facility is utilised for the intended purpose.”The central bank held the belief that such measures would help hospitals and medical centres in availing the SBP’s refinance facility with ease. Separately, the SBP took measures to facilitate bank customers who were facing extraordinary challenges due to the spread of Covid-19 in the country. To facilitate bank customers, the SBP advised all banks to ensure that their call centres/ helplines are available round the clock for instant customer support.

Source: The Express Tribune April 07, 2020 03:33 UTC