ECC approves scheme to prevent layoffs in SMEs


Photo: File ISLAMABAD: The federal government on Wednesday enhanced loss coverage for small and medium enterprises (SMEs) taking concessionary loans to prevent workers? layoff till September 2020, reported The News. The Economic Coordination Committee (ECC) of the cabinet approved the risk-sharing facility for the State Bank of Pakistan (SBP) refinance scheme to support employment and prevent the layoff of workers during a meeting presided over by Adviser to the Prime Minister on Finance and Revenue Hafeez Shaikh.