
Govt to Offer Rs. 1 Million Interest-Free Loans to Young Pakistanis Seeking Jobs Abroad
The government has introduced an initiative to provide interest-free loans of up to Rs. 1 million to 100,000 young individuals seeking employment abroad. This program, part of the PM Youth Scheme, aims to support Pakistan's youth in exploring global career opportunities.
The loan package covers essential expenses, including skills training, visa fees, and initial settlement costs, ensuring a smooth transition for applicants. The repayment plan is designed to be flexible, with equal monthly installments spread over 7 to 8 years.
Eligible candidates must be aged 21 to 45 years and possess a valid job offer or recruitment through licensed Overseas Employment Promoters. This initiative is expected to enhance the employability and skills of Pakistan's youth, contributing to the nation's economic growth and development.
By investing in its younger generation, the government hopes to foster long-term benefits such as increased economic activity and a more skilled workforce, empowering Pakistan's youth to compete on a global scale.