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New loan scheme will make youth self-sufficient, says PM

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New loan scheme will make youth self-sufficient, says PM

Prime Minister Shehbaz Sharif presented a new scheme that would target the youth of Pakisan in an effort to promote entrepreneurial abilities and creating self-sufficiency among them.

This plan would be available to the people in the age limit of 21 and 45 years with the loan available to be up to Rs7.5 million. Meanwhile, people of age 18 years can apply for the loans in the IT and e-commerce businesses.

The chief executive said the loan plans would go a long way in making the youth of the country self-sufficient because they would be able to pursue their plans.

An important aspect in loan scheme is the introduction of agricultural loans that would empower the youth in villages to adopt modern farming techniques that would add to the agricultural economy of Pakistan.

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Apart from the Islamic banking facilities, women have 25 per cent quota reserved for them.

“There will be no interest rate on the loan of up to Rs0.5 million. 5% interest will be charged on the loan of over Rs0.5 million to 1.5 million,” he said, adding, “7% interest rate will be charged on the loan of over Rs1.5 million to Rs7.5 million.”

Menawhile, State Bank of Pakistan Governor Jameed Ahmed said the banks had been directed for the issuance of loans to the youth.

Provision of loans to the “agriculture sector is the top priority” of the government and the central bank, he added. The SBP governor said that every possible assistance would be provided to farmers in flood-hit areas. “The limit of

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Musadik Malik emphasises adoption of environment-friendly technology for sustainable development

Musadik Malik emphasises adoption of environment-friendly technology for sustainable development

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Musadik Malik emphasises adoption of environment-friendly technology for sustainable development

 Federal Minister for Petroleum Musadik Malik underscores the need for embracing environment-friendly technology to ensure sustainable development in Pakistan. 

In a recent address at a ceremony held in Islamabad, Minister Malik highlighted the pressing issue of environmental instability, noting that despite a purported zero carbon footprint, Pakistan was grappling with the adverse effects of climate change. 

He pointed to alarming indicators such as rising global temperatures and increased incidents of extreme weather events, including flash floods in Sindh that have devastated numerous villages, exacerbating food insecurity in the region. 

Acknowledging the dual challenge of environmental and economic instability, Minister Malik stressed the imperative for concerted action to address these issues. 

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He revealed that Pakistan’s total exports stand at $30 billion, with energy exports comprising a significant portion at $20 billion. 

To confront these challenges head-on, Minister Malik announced plans to ramp up petroleum products production, citing its critical role in ensuring energy security and fostering economic growth. 

He outlined various policies aimed at facilitating this increase, including incentivising consortiums for small companies and fostering cooperation with international stakeholders.

Underlining the centrality of energy security to economic development, Minister Malik reiterated the importance of adopting environment-friendly technologies to meet the nation’s energy demands sustainably.

He emphasised the utilisation of national resources as a key strategy in this endeavour.

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Islamabad police register case of armed assault on PTI leader Raoof Hasan

Islamabad police register case of armed assault on PTI leader Raoof Hasan

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Islamabad police register case of armed assault on PTI leader Raoof Hasan

A day after unidentified transgender persons armed with blades wounded PTI leader Raoof Hasan in an attack in Islamabad, police on Wednesday registered a case of the assault. 

The case registered against unidentified transgender persons at the Aabpara police station includes sections related to the charges of attempted murder and death threats. 

According to the first information report (FIR), Raoof Hasan was heading to a parking lot after participating in a TV talk show when he was ambushed by three transgender-like persons. 

The FIR details that these attackers tried to cut his throat with a sharp-edged tool. Hasan suffered a cut in the face when he stepped back in a bid to protect himself, it adds. 

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In the FIR, Raoof Hasan alleged that a similar attack was attempted on him two days back in Islamabad’s Blue Area. 

The PTI information secretary was attacked on Tuesday afternoon by some unidentified transgender persons with a blade in Islamabad’s G-7 area. He suffered a cut in the face.

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JAP urges Punjab governor to return defamation bill unapproved

JAP urges Punjab governor to return defamation bill unapproved

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JAP urges Punjab governor to return defamation bill unapproved

The Judicial Activism Panel has penned a letter to Punjab Governor Sardar Salim Haider Khan, vehemently urging him not to approve the controversial Punjab Defamation Bill 2024 recently passed by the Punjab Assembly. 

The letter, authored by the Judicial Activism Panel, highlighted grave concerns over the Defamation Bill, asserting that its passage by the Punjab Assembly contradicts the principles outlined in Article 19 of the constitution. 

According to the panel, the enforcement of this bill poses a significant threat to the freedom of speech, a fundamental right guaranteed to every citizen. 

The panel argued that the implementation of the Defamation Bill would severely restrict the public’s access to vital information, serving as a formidable obstacle to the citizens’ right to information. 

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They emphasised that the bill, if enacted, would curtail the freedom of speech, thereby violating the fundamental right of the citizens.

Expressing apprehension, the letter said the law could potentially be exploited to serve political interests, further undermining the democratic principles upon which the nation is built.

In their fervent plea to Governor Sardar Salim Haider Khan, the Judicial Activism Panel demanded that he refrain from approving the bill and instead return it to the Punjab Assembly without his endorsement.

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