ISLAMABAD: The federal government of Pakistan has announced the extension of the Prime Minister Youth Loan Scheme to those seeking employment abroad.
As per the details, Prime Minister Youth Program Chairman Rana Mashhood Ahmad Khan said that loans of up to Rs 1 million will be provided to those going abroad for employment to help with training, visa, travel expenses and initial settlement expenses.
The initiative aims to provide better economic opportunities to the youth and enable them to compete in the international job market.
Rana Mashhood Ahmad Khan added that the government of Pakistan is committed to providing maximum opportunities to the youth so that they can shape their future and play a positive role in the country’s development.
On the other hand, the State Bank of Pakistan (SBP) said that young people will now have the facility to get loans for laptops.
The aim of the initiative is to provide better educational and professional development opportunities to the youth so that they can enhance their skills and play an active role in national development.
Chairman Prime Minister Youth Program Rana Mashhood Ahmad Khan said that under this scheme, students aged 18 to 30 years enrolled in Higher Education Commission (HEC) approved institutions will be eligible to get loans for laptops, which will help them meet their educational needs.
Loans worth over Rs 186 billion have been disbursed under the Prime Minister Youth Loan Scheme so far, which is a testament to the success of this initiative and the confidence of the youth in it.
The government is considering introducing further reforms to expand the scheme, which will ensure more benefits for the youth of the country. This initiative will not only increase education and employment opportunities but will also promote economic stability.