KARACHI: The State Bank of Pakistan (SBP) has decided to extend the Deferment of Principal Amount facility up till September 30 this year.

In a statement, the state bank said the decision had been taken in view of COVID-19 pandemic, which continues to stress the cash flow of small and medium sized businesses and households.

However, it said this facility will be available only for Small and Medium Enterprise Financing, Consumer Financing, Housing Finance, Agriculture Finance and Micro financing.

The facility is not being extended to corporates and commercial borrowers.

Also Read: Pakistan’s foreign exchange reserves increase by $11m: SBP