Finance Minister Shaukat Tarin stated that the government was making every effort to make life as easy as possible for the people and that an announcement regarding salary increases for government employees would be made soon.
On Wednesday, Prime Minister Imran Khan officially inaugurated the issuance of interest-free loans to persons from low-income groups as part of the Kamyab Pakistan Program.
Loans totaling Rs 407 billion will be issued among youths, women, farmers, and for the construction of low-income housing under the Kamyab Pakistan Program, which is a component of the prime minister’s agenda for poverty reduction. The program would be implemented over the following two years.
The government will pay a subsidy of Rs 56 billion for this purpose during the period of the specified term.
Kamyab Pakistan’s primary goal is to relieve the suffering of the low-income population while simultaneously promoting economic growth.
4.5 million impoverished homes are registered with the National Socio-Economic Registry (NSER) of the Ehsaas program, according to a senior government official, and the government’s Kamyab Pakistan Program intends to improve the living conditions of these households.
Shaukat Tarin, Federal Minister for Finance and Revenue, presided over a meeting of the Steering Committee and the Advisory Board of the Kamyab Pakistan Programme via video conference. He welcomed the prominent participants from the private sector and praised their professional expertise in their respective fields, according to the Federal Minister.
He praised them for their helpful input and suggestions for the program, and he emphasized the need of taking a collaborative and unified approach to ensure the program’s success.
He described the Kamyab Pakistan Programme as a flagship program that would provide micro-loans to entrepreneurs, small business owners, and farmers, allowing them to access micro-credit at a zero percent markup without the need for collateral. He also stated that the program would help underprivileged families break the cycle of poverty by providing them with access to microcredit at a zero percent markup.