Interest free loans: Federal government launches new scheme for youth

Interest free loans: Federal government launches new scheme for youth

In Islamabad, the Caretaker Federal Minister for Information Technology andTelecommunications, Dr. Umar Saif, has unveiled an ambitious plan aimed atsupporting freelancers within the country. According to Dr. Saif, thegovernment is gearing up to introduce interest-free loans specificallytailored for freelancers, signaling a significant boost for the burgeoningfreelance community. The scheme, as outlined by the IT minister, will be acollaborative effort with international companies to ensure ample funding.

Furthermore, Dr. Umar Saif revealed plans to enhance the IT landscape inPakistan. He stressed that IT apprenticeships will become mandatory inuniversities, promoting skill development and preparing students for thedigital workforce. Additionally, standardized tests will be administeredfor IT graduates to ensure the quality of talent entering the industry.

On the connectivity front, the government is embarking on an initiative tointroduce highway national roaming within two months.

This initiative is expected to provide consumers with the convenience ofseamlessly switching between different mobile networks, thereby enhancingconnectivity and accessibility for all.

In a bid to attract global investors, Dr. Umar Saif disclosed that stepsare being taken to establish a venture capital platform for startups.Furthermore, the government has ambitious plans to set up 5,000 jointe-working centers for freelancers, a move that promises to create millionsof employment opportunities across the nation.

Positive discussions with Caretaker Finance Minister Dr. Shamshad Akhtar ona 5-point IT sector agenda indicate a concerted effort to bolsterPakistan’s technological landscape and economic prospects.