Business

Punjab launches ‘Karobar Card’ loan scheme to boost small businesses

Published by
Web Desk

LAHORE: The Punjab Government has introduced the ‘Kbarobar Card’ loan scheme to support small businesses, offering loans between Rs100, 000 and Rs1 million to eligible businesses owners.

The announcement was made during a meeting chaired by Chief Minister Maryam Nawaz on Saturday.

In addition to the Karobar Card, the government also launched the ‘Chief Minister Aasan Karobar Financing Scheme’ for medium-sized businesses, providing loans of up to Rs30 million, repayable over five years.

These initiatives aim to foster economic growth, create jobs, and strengthen Punjab’s business and industrial sectors. Chief Minister Maryam Nawaz highlighted the importance of these schemes in promoting entrepreneurship and employment opportunities in the province.

This initiative is part of a broader series of projects introduced by the Punjab government, including the Punjab Free Solar Panel Scheme and the Honhaar Scholarship Scheme, designed to provide relief and support of the people of Punjab.

Web Desk

Recent Posts

Gold prices drop by Rs5,600 per tola in Pakistan

KARACHI: The gold prices in Pakistan have been reduced to Rs 424,136 following a reduction…

31 minutes ago

When will Safar moon be sighted? SUPARCO predicts

ISLAMABAD: According to Pakistan Space and Upper Atmosphere Research Commission (SUPARCO), the new moon of…

1 hour ago

11 died as house collapses in Kohat after heavy rains

KOHAT: A residential house collapsed due to heavy rain in the Malgin area of ​​Lachi…

2 hours ago

Alternative to the Strait of Hormuz Ready: UAE Decides to Build New Port

ABU DHUBAI: The United Arab Emirates has prepared a plan to establish a new multi-purpose port…

2 hours ago

Afghan Women’s refugee team could Play International matches by 2030

DUBAI: The International Cricket Council (ICC) is considering plans that could allow the Afghan women's…

3 hours ago

US-Iran tensions spark fears of fuel price hike in Pakistan

ISLAMABAD: Escalating tensions between the United States and Iran have once again unsettled global oil…

3 hours ago