Corona: More than 1.4 million jobs protected, SBP

COVID ratio has increases

The employment of 1,427,097 employees has been provided so far under the SBP scheme for job security during the Corona epidemic.

The SBP introduced a loan scheme to curb economic hardship and unemployment in Corona. Under the scheme, companies that do not fire their employees between April 2020 and September 2020 can get loans at 5% interest for 3 months’ salaries of employees.

It should be noted that the institutions included in the list of active taxpayers have been provided the facility to take loans at the rate of 4%.

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