State Bank of Pakistan has decided on disbursing Salaries to the employees for the month of July before Eid Ul Azha keeping in view the Rozgar Scheme. Normally, the salaries are given as per the cycle of wages/salaries used by businesses but because of Eid Ul Azha, the salaries will be given beforehand.
State Bank of Pakistan has also been flexible with businesses by allowing them to avail of financing from more than one bank but in different months. This will help the banks to overcome their credit limits and any other financial issues that they might face. The Rozgar scheme, which started in April 2020 was done for the purpose of avoiding unemployment and providing concessional financing for the employees. For this very purpose, the Rozgar Scheme was supposed to be an April-June affair which has now extended till the end of September.
Up till now, the financing of 128.6 billion has been approved by banks for 2141 businesses that have proven to cover the salaries of over 1.25 million employees.
