- Shaza Fatima Khawaja said that Ex-PM minister Nawaz Sharif had launched programme in 2013.
- She said Prime Minister Shehbaz Sharif started work to revive it.
- Shaza said that the scheme was aimed at promoting entrepreneurship in the country.
ISLAMABAD: The federal government has decided to relaunch the Prime Minister’s Youth Programme and Prime Minister Shehbaz Sharif will launch this scheme soon.
This was announced by Special Assistant to Prime Minister on Youth Affairs Shaza Fatima Khawaja while addressing a press conference along with Federal Minister for Information and Broadcasting Marriyum Aurangzeb.
Shaza Fatima Khawaja said that former prime minister Nawaz Sharif had launched the Prime Minister’s Youth Program (PMYP) in 2013 with objective to generate employments opportunities for youngers.
She said Prime Minister Shehbaz Sharif started work to revive it and now this project is being relaunched. She further said under which loans would be provided to more than fifty million youth in the age bracket of fifteen and twenty-nine.
“This year, laptops will be distributed amongst one hundred thousand high achievers. There will be a fifty percent share of women, while transgender will also be accommodated,” she said.
The SAPM added that the quota of Balochistan in this scheme has also been doubled, adding that Prime Minister Shehbaz would soon launch this scheme.
Sharing details about the loan program, Ms Shaza said that the scheme was aimed at promoting entrepreneurship in the country.
She said there would be no interest or collateral on the loan up to Rs500,000. On a loan of Rs1.5 million there would be 5% interest rate. Moreover, 7% would be charged on a loan over 1.5 million and 7.5 million.
