Country’s development linked to success of youth loan program: PM

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ISLAMABAD, Feb 23 (APP): Prime Minister Shehbaz Sharif on Thursday said that country’s progress was linked to the success of the Youth Loan Program which besides supporting the unemployed youngsters also benefited the national economy. The prime minister, addressing a ceremony for cheque distribution among the beneficiaries of the Prime Minister Youth Loan Program, said… Continue reading Country’s development linked to success of youth loan program: PM

ADB approves $1.5 bn for Pakistan’s social protection, food security

ISLAMABAD, Oct 21 (APP):The Asian Development Bank (ADB) on Friday approved $1.5 billion in financing to help the Government of Pakistan provide social protection, promote food security, and support employment for its people amid devastating floods and global supply chain disruptions. The loan that is expected to release by next week, is provided under ADB’s… Continue reading ADB approves $1.5 bn for Pakistan’s social protection, food security

Hamza Shahbaz seeks comprehensive plan for loans to small farmers

LAHORE, Jun 20 (APP): Punjab Chief Minister Hamza Shahbaz Sharif on Monday sought a comprehensive plan for providing interest-free, soft loans to small farmers on the pattern of Akhuwat and directed to consult the Bank of Punjab as well. He chaired a meeting at his office on Monday which was attended by Provincial MinisterSardar Awais… Continue reading Hamza Shahbaz seeks comprehensive plan for loans to small farmers

ADB approves $300 mln loan to develop Pakistan’s capital markets

ISLAMABAD, Mar 22 (APP): The Asian Development Bank (ADB) Tuesday approved a $300 million loan to further develop Pakistan’s capital markets, promote private investment in the country, and help to mobilize domestic resources to finance sustainable growth. The second subprogram of ADB’s Third Capital Market Development Program builds on institutional and regulatory reforms put in… Continue reading ADB approves $300 mln loan to develop Pakistan’s capital markets

Measures taken to ease out loan disbursement for low-cost housing: Tarin

Islamabad: Federal Minister for Finance and Revenue, Shaukat Tarin, presiding over a meeting on Low Cost Housing at Finance Division.

ISLAMABAD, Mar 7 (APP): Federal Minister for Finance and Revenue, Shaukat Tarin said Monday that required steps were being undertaken for easing out the loan disbursement process along with greater access and transparency for low-cost housing. Presiding over a meeting on Low Cost Housing, the minister said performance of banks was being comprehensively monitored in… Continue reading Measures taken to ease out loan disbursement for low-cost housing: Tarin

ADB approves $235 mln to upgrade highway

ISLAMABAD, Aug 19 (APP): The Asian Development Bank (ADB) has approved a $235 million loan to further upgrade a national highway in Pakistan, crucial to regional connectivity and strengthen the government’s operation and maintenance of national highways network. The project will expand the 222-kilometer Shikarpur–Rajanpur section of the National Highway 55 (N55) from two lanes… Continue reading ADB approves $235 mln to upgrade highway

ADB approves $500 mln to procure COVID-19 vaccines for Pakistan

ISLAMABAD, Aug 6 (APP):The Asian Development Bank (ADB) Friday approved a $500 million loan to help Pakistan procure and deploy safe and effective coronavirus disease (COVID-19) vaccines and strengthen the country’s capacity to implement its vaccination program. The project will support Pakistan’s National Deployment and Vaccination Plan by purchasing and delivering an estimated 39.8 million… Continue reading ADB approves $500 mln to procure COVID-19 vaccines for Pakistan

Govt forced to borrow for paying interest on past loans

ISLAMABAD, Dec 14 (APP): Finance Ministry said Monday that the sole reason of forcing the government to borrow was the requirement to pay Rs.1 trillion in interest on past loans in just during the period from July to October. This amount was on top of Rs 4.7 trillion already paid by this government prior to… Continue reading Govt forced to borrow for paying interest on past loans

Govt taking further measures to expand easy loan facility: Hafeez Shaikh

ISLAMABAD, Jul 11 (APP): The government on Saturday decided to take further measures to enhance easy loan facility so that maximum number of deserving people were benefited, Advisor to the Prime Minister on Finance and Revenue, Dr. Abdul Hafeez Shaikh said. The advisor was talking to media after the meeting of Economic Think Tank with… Continue reading Govt taking further measures to expand easy loan facility: Hafeez Shaikh

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