Friday, August 19, 2022
HomeEconomyFederal Cabinet accords approval to distribution of Rs315bn loans under KJP

Federal Cabinet accords approval to distribution of Rs315bn loans under KJP

August 4, 2021: The Federal Cabinet has accorded approval to distribution of 315 billion rupees loans among youth under Kamyab Jawan Program during current fiscal year.

This was announced by Minister for Information and Broadcasting Chaudhry Fawad Hussain while addressing media persons about decisions taken in the Federal Cabinet meeting held with Prime Minister Imran Khan in the chair in Islamabad on Tuesday.

The Minister said about four million youth will benefit from the initiative to establish their own businesses that would resultantly strengthen the country's economy.

He said young journalists will also be included in this program.

Chaudhry Fawad Hussain said the meeting was informed that vaccination rate in Karachi and Hyderabad is very low as compared to other cities of Punjab and Khyber Pakhtunkhwa. He said the slow pace of vaccination drive in Sindh is creating problems others. He urged Sindh government to improve its governance instead of doing politics over the critical pandemic issue.

He said the meeting was also informed that 23 Pakistani prisoners in Saudi Arabia have returned to home. He said this became possible as a result of Prime Minister Imran Khan's special efforts for providing maximum relief and facilities to Pakistanis living abroad. He said in this regard, Prime Minister Imran Khan has issued clear instructions that the performance of our Foreign Office staff will be linked to the satisfaction of Pakistanis living abroad.

The Minister said the Chairman CDA informed the Cabinet about the actions against the encroachments in Sectors E-8 and E-9 of Islamabad. In this regard, the Prime Minister directed to take every possible step for restoration of green areas in Islamabad.

The Cabinet was also briefed on the current economic indicators. It was told that despite the Corona pandemic, the country's economy is moving in the right direction and the industrial sector is booming due to effective government policies.

The Minister said the inflation rate reduced to 7.4 percent while our large scale manufacturing increased by 14.6 percent.

He said Minister for Energy Hammad Azhar briefed the Cabinet about current energy situation in the country. It was informed that load shedding during the months of June and July this year increased due to high demand and bad distribution system as previous governments did not focus on this sector.

The Information Minister said Federal Cabinet also gave approval to fix cotton support price at 5000 rupees per forty kilogram.

Radio Pakistan

Posted on: 2021-08-04T09:21:00+05:00

42563

RELATED ARTICLES
- Advertisment -

Most Popular