State Bank of Pakistan Reduces Mark-up on Refinance Schemes to 5% to Boost Investments

The State Bank of Pakistan (SBP) has lowered its mark-up rate on its refinance schemes by 5% in an attempt to attract further investments into Pakistan’s economy, which has been affected by the COVID-19 pandemic.

In a press release issued on the 8th of July 2020, the SBP noted that this development is in addition to the measures introduced earlier, including the lowering of the policy rate to 7% through multiple rate-cuts over the past two months. The SBP also stated that it has opted to align the end-user mark-up rates with two of its refinancing schemes to encourage investment in the nation.

The press release added that the SBP lowered the end-user mark-up rate for the Tempo...