Punjab Chief Minister Maryam Nawaz Sharif has unveiled new initiatives to promote trade, industry, and job creation in the province. Speaking to officials, she emphasized the government’s commitment to providing small and medium-sized enterprises (SMEs) with the financial tools needed to drive economic growth.
Business Card and Easy Financing Scheme Announced
The Chief Minister introduced two key programs to support businesses:
- Business Card Scheme: Offers medium-sized loans starting from Rs1 million to encourage business expansion.
- Chief Minister Easy Business Financing Scheme: Provides larger loans of up to Rs30 million with flexible repayment terms.
These schemes aim to boost commercial activity, enabling entrepreneurs to access interest-free loans to grow their enterprises.
“We are committed to increasing employment opportunities by empowering businesses and promoting trade and industry in Punjab,” said the Chief Minister.
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Special Zones for Small Industries
In addition to the financing programs, the CM directed officials to develop separate industrial zones in major cities specifically for SMEs. This move is expected to foster innovation and provide a growth-friendly environment for small businesses.
The financing schemes include a five-year repayment period and a three-month grace period before borrowers start repaying their loans. Additionally, certain commercial sectors, including IT startups in Nawaz Sharif IT City, will benefit from preferential loans under these programs.
Ensuring Focused Development
The CM clarified that while the Business Card can be used to facilitate many industries, it will exclude payments in certain areas such as restaurants. This ensures that the loans directly benefit productive sectors contributing to economic growth.
Official Visit to Strengthen Partnerships
To further enhance the province’s development agenda, CM Maryam Nawaz is embarking on an official visit to China. The eight-day trip includes meetings with Chinese officials, visits to key industrial and environmental facilities, and participation in an investment conference.
The delegation will explore advanced technologies and collaboration opportunities to bring innovative solutions to Punjab. Discussions on public health, education, IT, and renewable energy are also on the agenda.
A Vision for Prosperity
These steps reflect a clear vision to transform Punjab’s economic landscape, focusing on job creation and sustainable growth. By offering financial support to businesses and pursuing global partnerships, the CM aims to open new avenues for prosperity in the province.
With these initiatives, Punjab is poised to become a hub for trade, innovation, and employment opportunities.