Rs435.7b extended to businesses under TERF
Rs435.7b extended to businesses under TERF Scheme was introduced to help businesses continue investment plans despite Covid-19 PHOTO: FILE KARACHI: As many as 628 businesses have acquired concessionary bank loans amounting to Rs435.7 billion for setting up new businesses and/or expanding their existing production lines in Pakistan under the Temporary Economic Refinance Facility (TERF), which expired on March 31, 2021. The State Bank of Pakistan (SBP) had launched the scheme in March 2020 for one year after the Covid-19 pandemic outbreak in the country in late February 2020. The scheme was in...
Source: tribune.com.pk