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Finance minister directs finalisation of youth business loan applications by end February, 2014

Islamabad, February 18, 2014 (PPI-OT): Federal Finance Minister Senator Mohammad Ishaq Dar today held a review meeting regarding Youth Business Loan Scheme at State Bank of Pakistan Office Karachi.

The Finance Minister was briefed about the statistics of application forms which have been completely evaluated as per laid down procedure, followed by the rejected ones and the reasons thereof. Senator Ishaq Dar urged the concerned officials to finalize the processing of application forms by end of this month.

During the meeting the statistics of female applicants were highlighted, which the Minister described as under-represented. The Minister directed the concerned officials that the current number of forms did not fulfil the allotted women quota of 50 per cent and needed to be reviewed to address quota requirement.

The Finance Minister advised that loan be disbursed as per provincial quota and vacant positions of any province be carried forward to the next quarter. These should not be re-allotted to other provinces, he directed.

For more information, contact:
Haji Ahmed Malik
Principal Information Officer
Press Information Department (PID)
Tel: +9251 925 2323 and +9251 925 2324
Fax: +9251 925 2325 and +9251 925 2326

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