PM announces Youth Business Loans scheme

HeadlinesPM announces Youth Business Loans scheme

GILGIT: Prime Minister Nawaz Sharif said on Friday that a hundred billion rupees have been allocated for the Youth Business Loans scheme which has been extended to Azad Kashmir and Gilgit-Baltistan.

In his address to the Pakistan Muslim League-Nawaz (PML-N) party workers in Gilgit on Friday, the prime minister sharing main features of the scheme‚ aiming at to help the youth stand on their own feet. He said that forms for the scheme will be available in the next few days.

The prime minister said that the youth of Gilgit-Baltistan between the ages of 21 and 45 can utilize this scheme. He said that the maximum amount of money that will be given out as a loan is two million.

Sharif said that loans will be given to anyone who is committed to doing business, adding that literacy and experience does not matter with regards to the loans.

The premier giving more details about the scheme said that the loan can be returned in installments over a period of eight years and no installments would need to be paid in the first year.

Must read

Recent News

“Ustad Bashiruddin- A Restrained Grace” and “Bleeding Borders”

“Ustad Bashiruddin- A Restrained Grace” and “Bleeding Borders”

0
Lahore, Pakistan: In connection with the celebrations marking 150 years of Mayo School of Arts and National College of Arts, Lahore, Pakistan, the opening...

Indus Shield-Chinese concluded

0
Monitoring Desk: Indus Shield-Chinese, a bilateral module of Exercise Indus Shield 2024, being conducted separately between Chinese and Pakistan forces has concluded at an...

Mushaal writes to Rahul Gandhi to save Yasin’s life

0
Islamabad, Pakistan: Mushaal Hussein Mullick, wife of jailed Kashmiri leader Mohammad Yasin Malik, has made a heartfelt plea to Rahul Gandhi, India's opposition leader,...
Iranian Foreign Minister Seyed Abbas Araghchi has arrived in Pakistan today on a two-day official visit and he will hold meetings with civil and military leadership of Pakistan. This is his first visit to Pakistan after Israel attacked Iran in response to Iranian attack on certain Israeli cities. His meetings with Prime Minister Muhammad Shehbaz Sharif and Deputy Prime Minister / Foreign Minister Senator Mohammad Ishaq Dar are confirmed. Foreign Minister Araghchi will hold consultations on the situation in the Middle East and Pakistan-Iran bilateral relations. This visit provides an important opportunity to advance cooperation and dialogue between Pakistan and Iran on a wide range of areas including trade, economic, energy and security.

Iranian FM Araghchi and Foreign Minister Ishaq Dar showed commitment to work jointly in...

0
Islamabad, Pakistan: Iranian Foreign Minister Seyed Abbas Araghchi and Foreign Minister Senator Mohammad Ishaq Dar while addressing a joint presser showed their commitment to...

Active community engagement is central for stronger ties between Pakistan and the UAE, believes...

0
Islamabad, Pakistan: "One of the challenges we face is that a segment of people misuse tourist visas to seek jobs illegally, or, in some...
Advertisement