Zulfiqar
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- May 12, 2009
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SBP is offering a finance facility via banks to Hospitals for procurement of items to fight Corona threat (using below terms).
Obviously if you apply now then it will take months to realize its impact because of the time it will take to get the machinery from suppliers/construction period. However, this is a good step especially at discounted interest rate/markup of 3% (considering the position of KIBOR). Some dual use items such as Ventilators can be used for other diseases as well (once this threat is over).
If you know any hospital owners that have sufficient secondary collateral or are run through a LTD Co (due to which charge on their assets can be registered) then those hospitals can approach their banks to get this facility.
I can refer you to banks in ISB. However, that would be conflict of interest so it is best to choose your own preferred bank.
Please share it with those on board of hospitals and request them to apply now because their is a chance that SBP might revoke this facility if Pakistanis show their laziness and not show their interest.
Obviously if you apply now then it will take months to realize its impact because of the time it will take to get the machinery from suppliers/construction period. However, this is a good step especially at discounted interest rate/markup of 3% (considering the position of KIBOR). Some dual use items such as Ventilators can be used for other diseases as well (once this threat is over).
If you know any hospital owners that have sufficient secondary collateral or are run through a LTD Co (due to which charge on their assets can be registered) then those hospitals can approach their banks to get this facility.
I can refer you to banks in ISB. However, that would be conflict of interest so it is best to choose your own preferred bank.
Please share it with those on board of hospitals and request them to apply now because their is a chance that SBP might revoke this facility if Pakistanis show their laziness and not show their interest.
