LAHORE: (Click Pakistan) The Punjab government has proposed a massive program to empower the youths and announced Parwaz Card program interesting free loans of up to Rs1 million to encourage employment abroad.
The Planning and Development (P&D) Board has endorsed the program of sending 45,000 skilled young workers to other countries with the initial budget of 6.9 billion spread over the three years. According to the officials, the program is planned to boost the workforce preparedness in such areas as health care, construction, hospitality, logistics, and information technology.
The plan will have 8,000 youth benefiting in the first year then 15,000 in the second year and 22,000 in the third year. The plan includes skills training, pre-departure orientation, skills verification process, biometric processing, medical examinations, protectorate fees and airfare.
The qualifying applicant shall be given a loan of no interest up to 150000 to 1million with three months of grace period and repayment within 15 months in easy payments. Monthly payments will be between Rs12, 000 and 80,000. The loan facilities will also enable borrowers to draw a maximum of 20 percent of the loan in form of cash.
All the applicants should have a valid job offer letter and live in Punjab. The officials believe that the project will raise the foreign remittances to one hundred and fifty million dollars annually.
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