Payroll financing

To mitigate the financial impact of the Covid 19 outbreak and to ease cash flow constraints of employers, the State Bank of Pakistan (SBP) introduced a temporary Refinance Scheme for Payment of Wages and Salaries to the Workers and Employees of Business Concerns.

PBA’s awareness campaign was aimed at spreading the message to businesses to avail the facility on time and in turn make timely payments of salaries and wages to their employees and for businesses to avoid layoffs and sustain continued employment.