SBP Rozgar scheme saves over 1.4mn jobs

SBP Rozgar scheme saves over 1.4mn jobs

(Business Recorder)

So far, over 1.4 million employees have got their employment protected under the State Bank of Pakistan (SBP) Rozgar scheme during the Coronavirus pandemic.

As per details, to be exact the jobs of 1,427,097 employees have been saved so far due to Rozgar scheme.

Soon after the outbreak of Covid-19 pandemic, the SBP took a number of steps to provide economic support to businesses and households.

As a part of these measures, the State Bank introduced a temporary refinance scheme for payment of wages and salaries to the workers and employees of the business concerns aims to finance wages and salaries of permanent, contractual, daily wagers as well as outsourced employees for three months (April 2020 to June 2020).

The central bank extended the Rozgar Scheme for Supporting Employment and Risk Sharing Facility (RSF) for another three months to September 30.

SBP Rozgar scheme provides concessional loans maximum at 3 percent per annum (p.a.) for end users who are on active taxpayers’ list to businesses for wages and salaries expenses provided they commit not lay off their employees for the period of the loan

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