ISLAMABAD: Prime Minister Muhammad Shehbaz Sharif directed to increase the loan amount under the Prime Minister Youth Program.
A review meeting was held under the chairmanship of Prime Minister Shehbaz Sharif on the issues of small and medium business in which the relevant authorities briefed Shehbaz Sharif.
The Prime Minister directed the authorities to complete a detailed survey soon to provide facilities to small and medium businesses and to increase the loan amount from 0.5 million to 1.5 million under the Prime Minister Youth Program.
Prime Minister Shehbaz Sharif said that in order to harmonize the facilities with international requirements, it should be ensured that the models of developed countries are applied, a special package should be created for women entrepreneurs in small scale business and it should be presented soon.
Shehbaz Sharif said that Small and medium-sized enterprises (SMEs) are of key importance in the development of the economy worldwide, the government is trying to empower youth and women entrepreneurs, youth and women not only earn self-employment but also create more employment opportunities.
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Earleir, Prime Minister Muhammad Shahbaz Sharif approved the new system of power supply to special industrial zones and industrial estates.
The Power Division and National Electric Power Regulatory Authority (NEPRA) will start work on it in the next 3 months.
The prime minister directed the implementation of this new system in all SEZs, adding the industrial development was crucial for the national progress.
