JS Bank fights Corona: Offers urgent financing to hospitals to curb Corona Pandemic
Under this State Bank designed scheme, all medical centers registered with federal or provincial health governing bodies, engaged in the control and eradication of COVID-19 will be eligible to avail the credit line at a minimal mark-up rate of only 3% per annum for a duration of 5 years. This plan enables these health facilities to bolster their operational mechanisms through purchase of additional equipment and relevant tools for the purpose. Hospitals can avail this facility until September 2020. On the other hand, MJSF (Mahvash and Jahangir Siddiqui Foundation) also partnered with the Government of Sindh for using its State-of-the-art hospital in Sehwan, to combat Coronavirus. The hospital will help curb the shortage of ventilators, Intensive Care Units (ICU) and increasing numbers of Corona patients in the province. JS Bank has been playing an active role as a key contributor towards ensuring the health and safety of not just its employees and customers but the population in general by being the first bank in Pakistan to implement zero transactional charges on internet, mobile and ATM banking. The bank has further moved to skeleton working model with team strengths working on 50% rotating model. Digital solutions are also being explored to allow a fully work from home model for the staff.
