The scheme is available to all businesses in Pakistan through banks, and covers all employees, including permanent, contractual, daily wages, and outsourced workers. The SBP said the scheme was designed to give a preference to smaller businesses. Banks will not charge any loan processing fee, credit limit fee or prepayment penalties for loans under this scheme. Banks will have to report weekly to the SBP on the scheme, including the reasoning behind any denial of financing requests. On March 24, the central bank announced relaxation in credit financing for exporters and importers, and then two days later, announced a relief package for borrowers.

Source: Pakistan Today April 10, 2020 16:18 UTC