Cabinet approves Rs100bn scheme for youth
(WorldNews Pakistan)

ISLAMABAD: The federal cabinet on Tuesday approved Rs100 billion Wazir-i-Azam Kamyab Naujawan Programme (WAKNP) under which the youth will be given soft loans up to Rs5 million for establishing their own business. Read: PM approves ambitious youth support programme `Soft loan of Rs100,000 to Rs500,000 will be given at six per cent interest rate and Rs50,000 equity, while loans of Rs500,000 to Rs5,000,000 will be provided at eight per cent markup with 20 per cent equity,` said Special Assistant to the Prime Minister on Information Firdous Ashiq Awan while addressing a press conference following the cabinet meeting. She said the youth aged between 18 and 35 years were 65 per cent of the...