CM Punjab Launches ‘CM Punjab Asaan Karobar Finance Scheme & Asaan Karobar Card’
The Punjab government has made a significant move
Enhance business activities within the province by launching the “CM Punjab Asaan Karobar Finance” and “Asaan Karobar Card” initiatives. These programs were officially inaugurated by Chief Minister Maryam Nawaz Sharif. During the inauguration ceremony for the Asaan Karobar Finance Scheme, she announced that interest-free loans ranging from Rs. 10 lac to Rs. 3 crore would be available, with repayment options designed for convenience. Additionally, loans between Rs. 5 lac and Rs. 10 lac will be accessible through the Asaan Karobar Card. Interested individuals can apply online starting today, and further details can be obtained by calling the helpline at 1786.
She stated, “The Punjab government has introduced groundbreaking
initiatives to support small and medium enterprises in the region. These initiatives could transform the future of both Punjab and Pakistan. Small and medium enterprises are crucial for the economy. The CM Punjab Asaan Karobar Finance and Asaan Karobar Card represent the first and distinctive programs from the Punjab government. Previously, starting a business was challenging, but these new schemes have simplified the process. Additionally, land will be made available at highly subsidized prices for launching small businesses.”
She stated, “This is the first initiative in the province’s history
Offers loans of up to Rs. 3 crore with no interest at all. There’s no requirement to obtain any NOC, license, or approved map right away to access the loan. You can secure your loan today and launch your business by tomorrow. These interest-free loans will be provided by the Bank of Punjab.”
The Chief Minister of Punjab stated that to boost the nation’s exports,
additional incentives will be offered to establish industries in export processing zones. They will also provide solar systems valued at Rs. 50 lac free of charge to those looking to set up industries within these zones. These initiatives will create new opportunities for small and medium-sized enterprises (SMEs), leading to a prosperous Punjab. Young entrepreneurs will be able to utilize these schemes to grow their businesses, enabling them to contribute actively to economic development. The government’s interest-free loan programs will add a new dimension to economic growth. Prior to the PML-N government taking office, the economy was struggling, with the risk of default looming over Pakistan.
She stated, “Pakistan navigated these challenges thanks to the efforts
Prime Minister Muhammad Shehbaz Sharif. Under former Prime Minister Muhammad Nawaz Sharif, the economy was growing at about 5.7, and issues like power outages and terrorism had nearly been eliminated. The country enjoyed economic stability; however, it unfortunately experienced significant setbacks during the last four years of the previous administration.
She mentioned, “The inflation rate has hit 38 percent
The exchange rate for the dollar has climbed to Rs 275 from Rs 104. The national economy has stabilized thanks to the relentless efforts of Prime Minister Shahbaz Sharif. Economic indicators are looking better, with remittances and foreign exchange reserves on the rise. Furthermore, the stock market has surpassed 118,000 points.”
She stated, “The Punjab government is implementing all feasible
measures to make use of its mineral resources. Everyone should contribute to speeding up industrialization in Punjab. To apply for interest-free loans, visit these websites (akf.punjab.gov.pk) and (akc.punjab.gov.pk). Additionally, a dedicated helpline, 1786, has been set up to assist you.”
At the inauguration ceremony held at the Chief Minister’s Office,
Attendees included Senior Provincial Minister Marriyum Aurangzeb, Information Minister Azma Zahid Bokhari, Chief Secretary Zahid Akhtar Zaman, President of the Bank of Punjab Zafar Mahmood, as well as presidents and secretaries from different chambers of commerce and industry. During the event, the Managing Director of the Punjab Small Industries Corporation provided a comprehensive overview of both schemes.