Tuesday, October 4, 2022

PM Imran Khan to announce interest free loan scheme today

According to the Pakistani government, Prime Minister Imran Khan will officially launch the interest-free loan scheme under the Kamyab Pakistan Program on Wednesday during a ceremony in Islamabad.

According to the Kamyab Pakistan Program, loans in the amount of Rs 407 billion will be disbursed over the next two years to youths, women, farmers, and others involved in the building of low-income housing units throughout Pakistan.

During the span of the specified period, the government will provide a subsidy in the amount of Rs 56 billion for this purpose.

Kamyab Pakistan’s principal objective is to ease the condition of the low-income population while at the same time supporting economic development.

The official launching ceremony of the interest-free loan scheme will take place in the Faisal Mosque. The Prime Minister of Pakistan, Imran Khan, will also speak at the occasion.

Incentives Schemes for Industrial Sector:

Moreover, Imran Khan revealed a package of incentives for the country’s industrial sector with a special emphasis on attracting foreign investment and strengthening the country’s export-oriented industrial and manufacturing base.

Pakistan’s prime minister, speaking at an event in Lahore, invited Pakistani companies from around the world to invest in the country’s manufacturing industry. In addition to expats, he claimed that local businessmen who participate in joint ventures will be eligible for a five-year tax relief with no questions asked, which will be applied automatically.

Read Also: Mobile banking in Pakistan: Transactions roze to Rs 2.2 trillion

“The administration is doing everything it can to encourage export-oriented industries, which are important to the country’s socio-economic development and advancement,” he said in his statement. His next point was the significance of supporting Small and Medium-Sized Enterprises (SMEs) as well as reviving struggling manufacturing facilities.

Notify of

Inline Feedbacks
View all comments
Latest news
Would love your thoughts, please comment.x