LAHORE: Punjab Finance Minister Dr Ayesha Ghaus Pasha has said that the Punjab government is starting a lot of programmes to raise the living standard of the less-privileged segments of society. She said that provision of loans under the Chief Minister Interest Free Loan Programme is one of them under which a lot of deserving people have started their own businesses.
She expressed these views while addressing the first session of International Islamic Economic, Banking & Finance Conference 2016 held under the aegis of Attijarah Center of Islamic Economics. The provincial minister said that since 2001 to date the world in general and Pakistan in particularly has achieved rapid growth through Islamic banking.
She said that more than 17,000 branches of Islamic banks are serving in Pakistan but unfortunately 95 percent persons belonged to elite class who get interest free loans but common man approached to informal sector to get loan where they pay 20 percent interest on loan. She said that Punjab government has to transfer this facility of interest free loan to common man and cooperation of institution like Al-Tijara will helpful in this regard.
Provincial Minister has said that about one lakh youngsters are moving towards practical life after completing their education. In this way, the government is unable to provide government job to all of them for this purpose the government is promoting them toward micro business so that, they can become independent using business.
