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PM launches Kamyab Pakistan Programme 4.5M low-income Families to get Rs one trn interest-Free loans



ISLAMABAD: Prime Minister Imran Khan on Wednesday launched the 'Kamyab Pakistan Program' designed to provide support to the 4.5 million low-income families by providing interest-free loans of Rs 1 trillion over the next two years to start their own business, housing construction and for investment in agriculture.

Addressing people coming from all provinces, Gilgit Baltistan and Azad Kashmir here at the Faisal Mosque, the Prime Minister said that higher tax collection by the Federal Board of Revenue (FBR) for the first time has enabled the government reduce oil and electricity prices. for Rs10 and Rs5 per unit respectively at a time when prices are rising. He promised to continue providing relief to the people as tax collections increased.

He said that the program was initially started from KP, AJK, GB and some areas of Baluchistan, Punjab and Sindh, and is now expanding to all over the world.

He said low-income families in urban areas would get interest-free loans of Rs5 lac to start their own business and those living in rural areas would get interest-free loans of Rs5 lac to invest in their land.

The prime minister said that two million interest-free loans to build their own houses and a family member can receive technical training.

The prime minister said that 2.5 billion rupees have been disbursed so far and loans worth 1 billion rupees will be given to 4.5 million families in the next two years to start their own business and learn technical education; and farmers could increase their income by investing in their own land.

He said banks have been lending to the rich and for the first time banks are lending to the salaried class and so far loans of Rs 55 billion are being provided and the government is subsidizing the interest.

The prime minister said that it was unfortunate that Kachhi Abadis had increased in all major cities because people had no money to build.

"40 percent of the Kachhi Abadis are in Karachi," he added.

The prime minister said that by the end of this month, every family will have health insurance, adding that he regards this as his greatest achievement and happiness during the past three and a half years in government.

The prime minister said that Pakistan was created to become an Islamic welfare state on the principles of the Medina State; however, unfortunately, the country had not stepped on the intended ideology for which Pakistan was created.

He also stated that the nation that moves away from its ideology never triumphs and the purpose of the function is to travel along the path that leads the country towards a welfare state.

Earlier, Finance Minister Shaukat Tareen, in his video message shown at the launch ceremony, said that this is a big step in advancing the PM's dream of making Pakistan a welfare state.

He said interest-free loans under KPP, Rs5 lac would be given to families in urban areas to start their own business, Rs2 million for house construction, as well as Rs3.5 lac to families living in urban areas for farming. equipment and investment in their land as well, bringing technical skill to an individual to the family. Also, he said that they would get Sehat cards.


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