Alvi requires facilitating AJK, G-B youth


President Dr Arif Alvi has pressured the necessity for facilitating the nation’s youth, significantly from Azad Jammu and Kashmir (AJK) and Gilgit-Baltistan, to learn from the Prime Minister’s Youth Entrepreneurship Scheme (YES).

“As a way to empower the youth financially, the PM’s Kamyab Jawan Programme presents great financial alternatives and the youth are required to capitalise on them by availing loans to determine their very own companies,” he stated whereas presiding over a gathering to assist deal with the problems being confronted by the youth of AJK and G-B in getting loans on Wednesday.

Particular Assistant to PM on Youth Affairs Muhammad Usman Dar and Financial institution of Punjab President Zafar Masud had been in attendance on the Aiwan-e-Sadr.

Whereas AJK PM Sardar Abdul Qayyum Niazi, G-B Chief Minister Khalid Khursheed Khan, Alfalah Financial institution President Atif Bajwa, JS Financial institution President Basir Shamsie, Nationwide Financial institution of Pakistan President Arif Usmani, and Habib Financial institution Restricted Head Client Aamir Kureshi attended the assembly through a video hyperlink.

The PM’s aide on youth affairs briefed the president about loans disbursed underneath YES.

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Officers stated that Rs19.1 billion value of quantity had been disbursed among the many youth – out of the accredited mortgage of Rs26.2 billion – to determine their companies. They knowledgeable that the YES had created greater than 30,000 jobs in varied sectors.

Dar additionally gave particulars of the disbursed quantity by varied banks – together with Financial institution of Punjab, JS Financial institution Restricted, Nationwide Financial institution of Pakistan, Financial institution Alfalah Restricted, and Habib Financial institution Restricted. “Such banks had disbursed loans amongst youth value Rs4.8 billion, Rs3.5 billion, Rs2.4 billion, Rs1.7 billion and Rs1.6 billion respectively,” in line with an announcement issued by the President’s Secretariat.

The AJK prime minister and G-B chief minister highlighted the problems being confronted by the youth in availing loans underneath YES.

Varied measures to teach and information the youth to learn from the loans scheme had been additionally mentioned in the course of the assembly, it learn.

The president suggested the governments of AJK and G-B to determine facilitation centres of their respective areas to assist facilitate the youth in getting loans. He additionally pressured the necessity for creating consciousness among the many youth by partaking media and native political leaders.

The president additionally requested the heads of 5 banks to determine facilitation desks to information the youth in getting loans. “It was agreed to carry month-to-month conferences to evaluate progress with regard to the disbursement of loans in AJK and G-B,” it learn.

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