Hospitals, diagnostic centers, and healthcare service providers have availed a big quantity of loans, nearly Rs. 12.5 billion, from various commercial banks to boost their treatment facilities by their respective networks, official data by the State Bank of Pakistan (SBP) confirmed.
The huge amount on the account of loans was made doable by the SBP, because the central bank launched a low-cost loan facility for healthcare institutions for the first time in 2020. The facility is aimed toward enhancing the treatment capacity of hospitals within the wake of the COVID-19 outbreak.
The facility permits healthcare institutions to borrow from banks on the markup rate of only 3 %, in addition to any services charges that fluctuate from bank to bank.