Various schemes being launched to increase income of poor people: Federal Minister
KARACHI – Federal Minister for Finance, Shaukat Tarin has said that government was planning to launch different schemes to increase the income of lower or lower middle class people in the country.
Shaukat Tarin expressed such views while addressing an Kamyab Jawan Launch Event here at Governor House Sindh on Saturday. The rise in international commodities prices is the main cause of inflation in the country, he told, adding that the government is trying to control the inflation on one side and other side, it will launch different schemes to increases the income level of the poor people.
Besides, the subsidy of billion rupees is being provided to control the prices, he added. Kamyab Jawan programme is a mega initiative and it will be expanded countrywide this month, the finance minister told. The small loans would be distributed though NRSP and organizations because these organizations have skills and experience to distribute these kinds of loans in the country, the minister told.
Highlighting the PTI-led government, he said that the government has wisely handled various challenges including COVID-19. Speaking on the occasion, Governor of Sindh Imran Ismail said that no any government in the past had taken such initiative to empower the youth of the country like the incumbent government had taken in the form of KJP.
Rise in international commodities prices is the main cause of inflation in the country, says Shaukat Tarin
SAPM Usman Dar and his team have turned the PM’s vision into reality under Kamyab Jawan Program, he uttered, saying that this is the change Prime Minister Imran Khan had announced before coming into power. He also asked that as many as 10000 shops should be provided in Sindh province and of total, 5000 shops should be provided in Karachi and Hyderabad. On the occasion, Special Assistant to Prime Minister (SAPM) on Youth Affairs Usman Dar said that the prime minister had also approved funds of Rs 25 billion specifically for women under Kamyab Jawan Program.
He said the country would not progress without participation of women. He said loans would also be given to young people. He said the KJP was based purely on merit and transparency. The SAPM said besides other provinces, the federal government had also focused on the progress and development of Sindh. Usman Dar said that Rs5 billion rupees had been disbursed in Sindh out of Rs10 billion.
As much as Rs100 billion has been earmarked for disbursement of loans to youth in the ongoing financial year and Rs33 billion had been issued to thousands of entrepreneurs to start their businesses and contribute to the government’s efforts aimed at sustainable economic development of the country. Dar said that the federal government wanted to expedite KJP in Sindh, adding that in the first phase of KJP Sindh drive, Karachi’s youth have been focused upon while the next phase will include the rest of Sindh. KJP’s business loans scheme has so far disbursed Rs3 billion among young entrepreneurs of Karachi alone, which resulted in the creation of over 3,000 jobs for the youth of the metropolis. Governor of the State Bank of Pakistan (SBP) Reza Baqir spoke on the event and highlighted the achievements of government.
The leader of the opposition in Sindh Assembly, Haleem Adil Sheikh, MPA Shahzad Qureshi and other parliamentarians also addressed the event. Later, Finance Minister Shaukat Tarin, SAPM Usman Dar and Sindh Governor Imran Ismail distributed the cheques among the beneficiaries of Kamyab Jawan Program.
A large number of office bearers of PTI and representatives of banks also attended the KJP event.