10 April 2020 – State Bank of Pakistan (SBP) launches refinancing scheme to save jobs during COVID-19 pandemic

Type of Intervention: Specific Action
Sectors Involved: Central Bank, Finance/Economy
Intervention Categories: Finance policy and financial aid; Stimulus packages and financial support; Non-governmental interventions; Businesses
Level of Jurisdiction: National
Lead People/Agency: State Bank of Pakistan (SBP)

Overview: The State Bank of Pakistan (SBP) launched a refinancing scheme to save hundreds and thousands of jobs in the private sector by providing cheaper loans to businesses at 4 to 5 per cent for payment of wages and salaries.
Full details here: https://www.dawn.com/news/1548281/sbp-offers-cheaper-loans-to-avoid-layoffs

Type of Justification: Advice of INTERNAL government advisory committee or group, Advice of EXTERNAL expert advisor or advisory committee, Learning from other jurisdictions, Perception of an increased threat