Punjab Chief Minister Maryam Nawaz launched several key initiatives on Thursday, including zero-interest loans and opportunities for small and medium enterprises (SMEs) across the province. The announcement took place at a high-profile event held at the Chief Minister’s Office, attended by senior provincial ministers, Bank of Punjab officials, and industry leaders.
The newly introduced “Asaan Karobar Finance” and “Asaan Karobar Card” schemes aim to support entrepreneurs and SMEs. The Asaan Karobar Finance Scheme offers interest-free loans ranging from Rs 1 million to Rs 30 million, which can be repaid in easy instalments. Meanwhile, the Asaan Karobar Card provides loans between Rs 500,000 and Rs 1 million. Applicants can apply online immediately, with further information available through the helpline 1786.
In her speech, CM Maryam emphasized the transformative potential of these initiatives, stating, “These schemes have the power to change the future of Punjab and Pakistan. We have simplified the process of starting a business to an unprecedented level.”
The chief minister highlighted that loans would be provided through the Bank of Punjab, without requiring prior approvals such as NOCs, licenses, or blueprints. These initiatives mark a significant milestone in the province’s history, with interest-free loans of up to Rs 30 million available for the first time. Additionally, the government will provide land at highly subsidized rates to support small businesses, ensuring greater economic inclusivity.
Maryam Nawaz also announced incentives for industries within export processing zones, including complimentary solar systems worth up to Rs 500,000. “With these initiatives, SMEs will open new avenues for economic prosperity in Punjab,” she remarked, encouraging young entrepreneurs to take full advantage of these opportunities for growth.
Reflecting on the nation’s recent economic challenges, CM Maryam criticized the previous government’s performance, particularly in relation to high inflation and the rising value of the dollar. She credited Prime Minister Shehbaz Sharif for stabilizing the economy and steering the country away from the brink of default.
Highlighting the importance of industrialization, she promised to accelerate mineral development across Punjab, urging stakeholders to play an active role in the province’s industrial transformation. “The provincial government will continue to support economic development,” she assured.
In addition, CM Maryam launched the “CM Punjab Laptop Scheme” and distributed “Honhaar Scholarships” at a ceremony at GC University’s new campus in Faisalabad. Under the scheme, 40,000 laptops will be distributed across Punjab, while scholarships worth Rs 200 million will be allocated to students in Faisalabad Division. This includes Rs 17.6 million for public university students and Rs 28.9 million for those in private universities.
“Education is a priority for us, and we are committed to supporting students with financial assistance and resources,” Maryam Nawaz stated. She also acknowledged a special needs student, Uswa Aziz, who performed a flute rendition of the national anthem, and praised students who performed recitations and naats.
During her visit, CM Maryam engaged closely with students, sitting among them and recognizing their achievements. A student presented her with a portrait of her late mother, Kulsoom Nawaz, while another gifted her a dupatta adorned with appreciative slogans.
The event also featured a historic moment when female police officers provided a guard of honour, marking a first in such ceremonies.
