LAHORE: Pakistan China Joint Chamber of Commerce and Industry (PCJCCI) newly elected President S M Naveed appreciated the steps of State Bank of Pakistan (SBP) for economic support to businesses and households. In a statement issued here on Monday, he said the central bank introduced a temporary refinance scheme for payment of wages and salaries to the workers and employees of the business concerns aims to finance wages and salaries of permanent, contractual, daily wagers as well as outsourced employees for three months (April 2020 to June 2020 and extended the scheme for another three months to September 30.

Naveed also lauded the provision of concessional loans for industries.

Referring to delay in establishing special Economics Zones (SEZs) of CPEC, Naveed said the delay is hampering economic growth of the industries and urged the government to speed up the establishing of the zones as a large of Chinese investors have been waiting for SEZs to set up their businesses in Pakistan.