No Result
View All Result
Tuesday, July 15, 2025
MM News
اردو
  • Home
  • Latest News
  • National
  • Dramas
  • Showbiz
    Dua-e-Khadija during Miss Global Pakistan 2025 (Image: Instagram/misspakistanglobal)

    Dua-e-Khadija from Peshawar wins Miss Global Pakistan 2025 crown

    Mohan Raj

    Video: Stunt artist Mohan Raj dies during car stunt for film

    Kahiin to hoga

    Why did Rajeev Khandelwal quit Kahiin To Hoga at the peak of his fame?

    Humaira Asghar

    Was Humaira Asghar murdered? Police probe unfolds with new findings

    (File Photo)

    Fiza Ali criticized for using Humaira Asghar’s death to gain views

    Son of Sardaar 2

    Ajay Devgn returns with laughter in ‘Son of Sardaar 2’ trailer

  • Thought Box
  • Business
  • Opinions
  • Technology
  • The Other Side
MM News
  • Home
  • Latest News
  • National
  • Dramas
  • Showbiz
    Dua-e-Khadija during Miss Global Pakistan 2025 (Image: Instagram/misspakistanglobal)

    Dua-e-Khadija from Peshawar wins Miss Global Pakistan 2025 crown

    Mohan Raj

    Video: Stunt artist Mohan Raj dies during car stunt for film

    Kahiin to hoga

    Why did Rajeev Khandelwal quit Kahiin To Hoga at the peak of his fame?

    Humaira Asghar

    Was Humaira Asghar murdered? Police probe unfolds with new findings

    (File Photo)

    Fiza Ali criticized for using Humaira Asghar’s death to gain views

    Son of Sardaar 2

    Ajay Devgn returns with laughter in ‘Son of Sardaar 2’ trailer

  • Thought Box
  • Business
  • Opinions
  • Technology
  • The Other Side
No Result
View All Result
No Result
View All Result
MM News
اردو
  • Latest
  • Showbiz
  • Thought Box
  • Business & Stock
  • Opinions
  • Technology
  • The Other Side-Pakistan
Home Business & Stock

FPCCI demands SBP to extend refinance scheme to support employment

MM News Staff by MM News Staff
February 13, 2021

KARACHI: The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has urged the State Bank of Pakistan (SBP) to extend the Refinance Scheme for Payment of Wages and Salaries, launched to support employees and prevent layoffs due to the Covid-19 outbreak in Pakistan for one year.

In a statement, Mian Nasser Hyatt Maggo, President FPCCI appreciated the initiative of SBP; introducing Schemes like salary payments, deferred loans, the introduction of Temporary Economic Refinance Facility to resolve the cash flow problems of businessmen and industrialists.

He added that these schemes helped many industrial and service-oriented sectors to retain employees during the coronavirus pandemic period. Under this scheme, SBP has released Rs. 238 billion to the private sector.

Read more: SBP keeps policy rate unchanged at 7 percent

While commenting on the Refinance Scheme for Payment of Wages and Salaries, he added that the aim of this scheme is to prevent layoff by financing wages and salaries of employees for all kinds of businesses except for Government entities, public sector enterprises, autonomous bodies, and deposit taking financial institutions.

Since the companies that availed this credit facility through banks have not been recovered from devastating economic impact of covid-19, it would be advisable if SBP extend this Scheme for more than one year.

Tags: FPCCIMian Nasser Hyatt MaggoMM groupmm newsmm tvSBP
ShareTweetSendShare
Previous Post

Nadia Khan’s husband is a cheater and mentally tortured me, claims ex-wife

Next Post

Meera fumbles again as she speaks English

Related Stories

gold image
Business & Stock

Gold price gains Rs1,600 per tola

July 14, 2025
(File Photo)
Business & Stock

PSX crosses 136,000 milestone with over 2200 points rally

July 14, 2025
file photo
Business & Stock

Over Rs. 6.50 per litre increase likely in petroleum prices from July 16

July 14, 2025
file photo
Business & Stock

Bitcoin reaches all-time high of $120,000

July 14, 2025
file photo
Business & Stock

UAE Dirham to PKR rates today- July 14, 2025

July 14, 2025
representative image
Business & Stock

Price updates for gold and oil in the global market

July 14, 2025
representative image
Business & Stock

Saudi Riyal to PKR rates today- 14 July 2025

July 14, 2025
file photo
Business & Stock

PSX continues bullish trend, crosses 135,000 points limit

July 14, 2025
Representative image
Business & Stock

Forex rates in Pakistan today- 14 July 2025

July 14, 2025
representative image
Business & Stock

Latest gold prices in Pakistan today- 14 July 2025

July 14, 2025
Next Post
Meera is famously known for her controversial affairs (Online)

Meera fumbles again as she speaks English

Trending Stories

Kunhar River (File Photo)
National

Mansehra youth miraculously survives 18 hours after drowning in Kunhar River

by MM News Staff
July 14, 2025
(Pakistan Maritime Security Agency (PMSA))
Crime

500 kg drugs seized in joint operation by Pakistan Navy, PMSA, other agencies

by MM News Staff
July 14, 2025
Korangi Causeway Road (File Photo)
Top News

Korangi Causeway road will be closed upon completion of Malir Expressway: CM Sindh

by MM News Staff
July 14, 2025
National

Goods transporters join traders, announce nationwide wheel-jam strike on July 19

by MM News Staff
July 14, 2025
Karachi’s Jinnah International Airport
National

Nearly half a million Pakistanis left for overseas employment in first half of 2025

by MM News Staff
July 14, 2025

Opinion

Munir-Ahmed
Portugal and Pakistan: Building a Bilateral Bridge in a Fractured World
June 29, 2025
- Munir Ahmed
munir ahmed oped
A Peace Prize for Betrayals: Rethinking Pakistan’s Strategic Alliances
June 28, 2025
- Munir Ahmed
munir ahmed oped
“Run Lola Run” – More than a movie to cultural bridging
June 27, 2025
- Munir Ahmed
No posts found
See all

Weather Updates

Image: Online
Weather

Parts of Punjab including Lahore receive heavy monsoon rains

by MM News Staff
July 14, 2025

A fresh spell of monsoon rains has lashed several parts of Punjab last night,...

File photo

PMD forecasts date for next monsoon spell in Karachi

July 12, 2025
file photo

Flood warning issued as heavy rain expected in parts of Pakistan from July 13-17

July 11, 2025
File photo

Monsoon rain-related incidents claim 87 lives across Pakistan: NDMA

July 10, 2025
See all

Prices

(Representational Image)
National

Govt to replace net metering with gross metering, slash buyback rate

by MM News Staff
July 14, 2025

The government have worked out a new buyback rate for electricity generated by solar...

representative image

Latest gold prices in Pakistan today- 14 July 2025

July 14, 2025
Fawad Hasan Fawad

Fawad Hasan Fawad questions govt’s $300m sugar import decision

July 13, 2025
(Toyota Indus Motor Company)

Toyota raises car prices in Pakistan: Check out new rates

July 13, 2025
See all

Transport News

Korangi Causeway Road (File Photo)
Top News

Korangi Causeway road will be closed upon completion of Malir Expressway: CM Sindh

by MM News Staff
July 14, 2025

Sindh Chief Minister Syed Murad Ali Shah has announced that Korangi Causeway Road will...

Goods transporters join traders, announce nationwide wheel-jam strike on July 19

July 14, 2025
File photo

Pakistan Railways to launch business train between Karachi and Lahore

July 14, 2025
representative image

How to buy a motorcycle under Punjab’s interest-free installment scheme

July 14, 2025
See all

MM Digital (Pvt.) Ltd.

MM News is a subsidiary of the MM Group of Companies. It was established in 2019 with the aim of providing people of Pakistan access to unbiased information. Contact Details: 03200201537

Quick Links

  • Home
  • Advertise
  • MM News Urdu
  • The Other Side-Pakistan
  • Contact Us
  • Privacy Policy

Top Pages

  • Latest News
  • Showbiz
  • OP-ED
  • Technology
No Result
View All Result
  • Latest News
  • Showbiz
  • Thought Box
  • Business
  • Opinions
  • Technology

© Copyright 2024 MMNews - All Rights Reserved.