Staff Reporter Islamabad
State Bank of Pakistan (SBP) on Friday announced the approval of interest-free loans of Rs82.6 million to be distributed among deserving students in the country.
According to details shared by the SBP, the Apex Committee for Student Loan Scheme having repre-sentation from the central bank, federal finance division and five major banks (NBP, HBL, UBL, ABL, and MCB Bank) has approved Rs 82.6 mil-lion as interest-free loans to deserving students for their studies within Pakistan.
The amount, approved by Apex Committee, will be disbursed to 518 deserving students of public sector universities across the country, studying in different disciplines of under-graduation, graduation and PhD studies for the Session 2017-18, 2018-19, and 2019-2020.
