The Finance Minister directed that all the major banks and microfinance institutions come up with their suggestions on the design of the program within a week’s time and also earmark a percentage of their resources for the purpose.
The Advisory Committee unanimously approved the draft policy directives for the release of NGMS Spectrum across the country, including AJK and GB for improvement of mobile broadband services.
“This rebound was fueled by a well-calibrated policy response,” said SBP.
SBP said that it provided a targeted economic stimulus of Rs2 trillion to support the recovery through interest rate cut, principal deferment & loan restructuring, Rozgar payroll finance scheme to prevent layoffs, and concessional finance for investment in industry and health facilities.