PID

PR No.119 Islamabad

Chairperson Prime Minister’s Youth Programme, Ms Leila Khan chaired three (03) separate meetings with representatives of Askari Bank, United Bank Limited and JS Bank on Prime Minister’s Youth Business Loans Scheme. Speaking at the occasion, Ms Leila Khan highlighted that Prime Minister’s Youth Business Loans Scheme is a significant initiative of the PML=N government for the promotion of entrepreneurship culture in the country. She welcomed on board the private banks like Askari bank, UBL and JS bank as executing partners of the scheme, and encouraged them to proactively pursue the potential borrowers through their sales teams, so that more and more people could start their own businesses under the scheme.

Askari Bank has started financing under Prime Minister’s Youth Business Loans Scheme through its credit hubs in Islamabad, Rawalpindi, Lahore and Karachi; JS Bank has launched this scheme in its 14 branches all over Pakistan, whereas UBL has so far received 90 applications through its branches all over Pakistan. The Chairperson underscored the need for all executing banks of the scheme to enter into agreements with reputed business corporations to facilitate the potential entrepreneurs in establishing new businesses using the platform of Prime Minister’s Youth Business Loans Scheme. The participating banks of the scheme assured the Chairperson of their strong commitment in executing the scheme in the best possible manner, for productively engaging the youth in socio-economic development of the country.

Previously, HBL, Habib Metropolitan Bank, Bank Al-Habib, Summit Bank, Soneri Bank, and Sindh Bank are executing this scheme in addition to NBP, and First Women Bank Limited. Meezan Bank, Albaraka Bank, and Dubai Islamic Bank have already launched the scheme in Islamic financing mode.

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