National
April 2, 2021
PESHAWAR: The government of Khyber Pakhtunkhwa on Thursday signed an agreement with Akhuwat Foundation to launch interest-free microfinance scheme (IFMS) through which small scale loans up to Rs75,000 would be provided to entrepreneurs in the merged districts.
The interest-free loan scheme would consist of revolving fund of Rs1 billion, said a handout, adding, under the said scheme, 25percent quota had been allocated for females, 5pc for special persons and 2pc for transgender persons. A ceremony to this effect was held here at the Chief Minister’s House with Chief Minister Mahmood Khan as chief guest.
Special Assistant to chief minister on Industries Abdul Kareem Khan, Secretary Industries Javed Marwat, Chief Executive Officer Akhuwat Foundation Dr. Amjad Saqib and other concerned high ups also attended the ceremony.
KARACHI: The Sindh government under a “pro-poor economic revival package” has decided to launch a Chief Minister Self-employment Scheme to advance interest-free small loans to the people.
This decision was taken at a cabinet meeting held here on Thursday under the chairmanship of Chief Minister Syed Murad Ali Shah at CM House. The meeting was attended by all provincial ministers, advisers, chief secretary and relevant secretaries.
The cabinet on the recommendation of the heritage committee approved a request of the owner of a building, Homie Katrak Chamber, Plot CL-9/22/7, Abdullah Haroon Road-Hoshang Road, for addition and alteration of the heritage building.
ECC to approve hike in OMCs’ margins
Considers proposal to allow interim increase of 6.5% on sale of petroleum products
Committee had recommended increase in margins of petrol and diesel by Rs0.19 per litre to Rs3 per litre each for OMCs. PHOTO: FILE
ISLAMABAD:
The Economic Coordination Committee (ECC) is likely to allow interim increase in margins of oil marketing companies (OMCs) by 6.5% on sale of petroleum products.
Earlier, the ECC had considered a proposal to hike margins of OMCs. However, it had constituted a committee to analyse and examine the margins historically before taking any decision.
The economic decision making body was informed that a study was not conducted by Pakistan Institute of Development Economics (PIDE) as the Oil and Gas Regulatory Authority (Ogra) and Planning Commission were not ready to bear the expenses.