SBP Rozgar Scheme

State Bank of Pakistan Refinance Scheme for Payment of Wages & Salaries to support Workers and Employees of Business Concern

To minimize the economic disruptions caused by COVID-19 and to help businesses in payment of wages and salaries to their workers and employees; the state bank of Pakistan (SBP) has introduced a Refinance Scheme that will support continued employment during these challenging times. The scheme is expected to ease the cash flow constraints of the employers and thereby avoid layoffs.

Salient features of the scheme are:


  • All eligible entities defined under SBP prudential Regulations of SME and Corporate / Commercial. {excluding, Govt. entities, Public Sector Enterprises, Autonomous Bodies, All Financial Institutions (banking & non-banking)}


  • To finance wages & salaries of Permanent, Contractual, Daily wagers and Outsourced employees of the applicant. Payroll of 6 months i.e. April, to Sep 2020.


  • Applicant must provide undertaking that they will not lay-off their workers / employees at least during 6 months from the date of 1st disbursement.

Nature of facility

  • Long-term Loan {DF}

Long-term Loan {DF}

Category A:

  • 3 months’ wage bill upto PKR 500 M
  • Limit: Actual 6 months wage bill maximum PKR 1,000.0 M

Category B:

  • 3 months’ wage bill exceed PKR 500 M
  • Limit: PKR 500 M or 75% of 6 months’ wage bill, whichever is higher (maximum PKR 2,000.0 M).


  • Wages & Salary amount to be verified from Audited Financial Statement as of Jun 30, 2019 of the applicant.


  • Disbursement shall be made directly into the accounts of employees / workers of the applicant (according to their normal payment cycles of wages)


  • Maximum 2 ½ years

Grace Period

  • 6 months (after 3rd month disbursement)


  • 8 equal Quarterly installments (Principal amount) starting March 2021.



  • 1. Active Tax Payer: 3% p.a.
  • 2. Non Tax Payer: 5% p.a.
  • Corporate / Commercial

  • 1. Active Tax Payers 3% p.a.
  • 2. Non Tax Payer: 5% p.a

Processing fee

  • NIL


  • As per bank policy.

Risk Sharing

  • Where collateral value is short, Govt. of Pakistan will share risk of principal default
  • 1. For clients having sale turnover upto 800 M; the Risk sharing is upto 60% of disbursed portfolio.
  • 2. For clients having sale turnover upto 2 B; the risk sharing is upto 40% of disbursed portfolio.

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