RCCI demands zero markup loans for businesses.

RAWALPINDI -- The Rawalpindi Chamber of Commerce and Industry (RCCI) appealed to the government and State Bank of Pakistan for zero markup loans under the Refinance Scheme for Payment of Wages and Salaries to the workers and employees of business concerns.

RCCI President Saboor Malik in a statement said though the business community lauds SBP refinancing scheme the markup on these loans should be zero.

These loans are of necessity and the government and SBP must facilitate the businesses rather than charging markup on the loans.

He said the SBP should issue directives to all commercial banks to defer the markup on all loans taken by businesses for one year and recovery of the...