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Govt plans to give Rs1.6tr loans under new programme


July 29, 2021
ISLAMABAD: The government has decided to launch an ambitious Kamyab Pakistan Programme (KPP) to uplift 4.5 million underprivileged households to disburse Rs1.6 trillion subsidised loans.
In the past, governments had made such plans but they never succeeded to lure the banking sector first of all and secondly customers because of inability to adopt simplified procedures. According to an official statement, Federal Finance and Revenue Minister Shaukat Tarin has chaired a meeting of the Steering Committee and Advisory Board of the Kamyab Pakistan Programme (KPP) through a video-link which was participated in by
SAPM on Finance and Revenue Dr. Waqar Masood, SAPM on Youth Affairs Mr Usman Dar, RSPN Chairman Shoaib Sultan, Finance Secretary Yusuf Khan, Akhuwat Executive Director Dr Amjad Saqib, PMN CEO Mohsin Ahmed, NRSP CEO Rashid Bajwa, HBL Chairman Sultan Ali Allana, BoP President Zafar Masud, Kashaf Foundation MD Roshaneh Zafar, Ex-SBP governor Syed Salim ....

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Lost jobs, vanished livelihoods - Newspaper


Ranks of the jobless in Pakistan swelled during the Covid-19–induced lockdowns. Indicators suggest that many millions are still out of work despite 3.9 per cent GDP growth. The base of economic recovery has probably been narrow.
This growth almost excluded the informal sector in which three of every four people lost their livelihoods between April and July last year, according to an official report. Will the budget, due next week, respond befittingly to the deepening job crisis?
Sources in the Finance Division told Dawn the government’s focus has so far been on sustaining and accelerating the growth momentum. Finance Minister Tarin, however, was reported to have remarked on growing unemployment. He said last week the country needed to create two million jobs annually to keep public frustration from spilling over into the streets. He disclosed that the government intended to boost development spending by 40pc in the budget to create jobs and enhance productivity. ....

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