Punjab govt allocates Rs 500 million for small industries

BusinessPunjab govt allocates Rs 500 million for small industries

LAHORE, Pakistan: The Punjab government under Punjab Small Industries Corporation has allocated Rs 500 million for promoting small and domestic industries in the province.

It was said by Punjab Minister for Industry, Trade and Investment Chaudhry Muhammad Shafiq while addressing a cheques distributing ceremony held here on Thursday.

   

He also distributed cheques of interest free loan of Rs 3 million among 27 skilled workers of artificial jewelry for promoting their businesses.

Chairman Task Force for Industries Amjad Nazir Butt, Director CNC Farooq Ahmed and other officials were also present.

The minister said our industry had stood on foot once again due to dynamic, affective and comprehensive policies of the government.

He said thousands of employment opportunities had been provided to people through industrial development while 900,000 families were being benefitted through the Chief Minister Self Employment Scheme and rate of return of these loans was 99 percent.

He said the Punjab Small Industries Corporation was making clusters in all the districts of the province for skilled people and later, opportunities were also being provided to shift these small industries into big units.

Mati
Mati
Mati-Ullah is the Online Editor For DND. He is the real man to handle the team around the Country and get news from them and provide to you instantly.

Must read

Recent News

The Media Circus staged by judges in Pakistan

The Media Circus staged by judges in Pakistan

0
Islamabad, Pakistan: The Chief Justice of the Supreme Court of Pakistan Qazi Faez Isa, and Prime Minister Mian Shehbaz Sharif held a meeting to...

Pakistan vs New Zealand T20I Series Tickets to go on Sale from Friday

0
LAHORE, Pakistan: The tickets for the five-match T20I series between Pakistan and New Zealand will go on sale from Friday, March 29, 2024.The series...

Judicial Commission to probe IHC judges’ allegations on ISI Operators

0
ISLAMABAD, Pakistan: The federal government has announced the formation of a Judicial Commission to probe Islamabad High Court (IHC) judges' allegations on ISI Operators...

President stresses need to further strengthen Pak-UK trade & economic ties

0
ISLAMABAD, Pakistan: President Asif Ali Zardari has said that Pakistan and the United Kingdom enjoy cordial relations, rooted in history and shared legacy, which...

President Zardari for developing Pakistan’s Gems and Jewellery Sector

0
ISLAMABAD, Pakistan: President Asif Ali Zardari has called for focusing on the development of the Gems and Jewellery Sector of the Country, saying that...
Advertisement