Govt decides to provide loans under Kamyab Jawan Program as per Islamic banking
ISLAMABAD: The government has decided to provide loans to the youth under Kamyab Jawan Program as per the Islamic banking.
Governor State Bank of Pakistan Reza Baqir and Special Assistant on Youth Affairs Usman Dar at a meeting in Islamabad discussed the disbursement of loans as per the Islamic banking.
It was decided to start the Islamic banking oriented phase of Kamyab Jawan Program from April.
In his remarks, Usman Dar said that the governor SBP had completed the process of consultations with the stakeholders on the matter.
On Jan 24, the federal government had planned to expedite the process of handing out loan cheques under the Kamyab Jawan Youth Development Program of the Prime Minister.
Usman Dar had named the Kamyab Jawan and Hunarmand programs a golden opportunity for young people during the meeting. He had said governments in the past had made a huge investment for the youth of the country. The programme, he had added, would boost jobs and alleviate poverty because the new government has committed the highest budget ever to it.