Meezan Bank Management Rs. 200 million for three charity hospitals providing treatment to COVID-19 patients in Karachi.
The bank will provide financing to these hospitals on the basis of Kharz Hasna, which also waives 3% of the financing amount fixed by the State Bank of Pakistan (SBP).
This step is one of the good examples set by the banking company when the whole country is facing a challenging situation. Other for-profit banks have also pushed for the rapid development of the health care sector for better health services for the public.
Various commercial banks have given Rs. 2.2 billion, according to SBP.
Commercial banks have also raised Rs. 3.6 billion for 23 hospitals / medical centers operating in different cities.
Large-scale facilities are expected to be used to treat COVID-19 patients using subsidy funds that are being expanded under the facility.
In the wake of the growing number of COVID-19 cases in the country and the need to strengthen the healthcare sector in fighting the virus, SBP has announced its refinance facility for Covid-19Rs. 200 million to Rs. 500 million.
RFCC Emergency Funding Facility to support hospitals / medical centers to develop their capabilities for the treatment of coronavirus patients.
Under this facility, financing is available to banks at the rate of 0%, which can charge hospitals / medical centers a maximum of 3% per annum.
SBP is constantly improving the features of this facility to ensure timely financial assistance to hospitals / medical centers engaged in combating COVID-19.