PESHAWAR: Dr. Najibullah, the caretaker minister responsible for youth affairs, sports, science, technology, and information technology in Khyber Pakhtunkhwa, has announced that the provincial government is set to extend loans to young entrepreneurs and small to medium-sized businesses at favourable terms through the Bank of Khyber. The concessional loan scheme, facilitated by the State Bank of Pakistan, will carry a remarkably low interest rate.
Dr. Najibullah expressed that this initiative aims to empower unemployed youth in the province by offering them access to dignified employment opportunities through these loans. Additionally, the scheme will provide much-needed support to entrepreneurs during the current economic conditions, and both men and women can benefit from this program.
These remarks were made during a meeting chaired by Dr. Najibullah at his office in the Civil Secretariat, Peshawar. The meeting was attended by representatives from the Bank of Khyber, including Sher Muhammad, as well as Sajjad Hussain Shah, DG Science and Technology, and Basit Khalil.
During the meeting, the Bank of Khyber representative presented comprehensive details of the facilities provided by the scheme to business owners and various classes. The minister was briefed about the highly discounted loans that will be extended to the youth and business communities within the province. The representative highlighted the positive impacts of this scheme on youth employment and small to medium-sized enterprises during the current economic challenges. This scheme is expected to play a crucial role in combating unemployment and providing much-needed support to disadvantaged sectors in the province’s economy.