Sunday, April 22, 2018
BREAKING NEWS

Interest Free Loan Scheme has been recognized worldwide : PM Abbasi

Prime Minister Shahid Khaqan Abbasi chairs a briefing on the progress of Prime Minister’s Interest Free Loan Scheme (PMIFL) at Prime Minister’s Office Islamabad on March 20, 2018.

ISLAMABAD:(APS)MARCH 20,2018- Prime Minister Shahid Khaqan Abbasi says government will continue to make every possible effort to enhance the scope and reach of Interest Free Loan Scheme through greater financial allocations.

He expressed these views while chairing a briefing on the progress of Prime Minister’s Interest Free Loan Scheme in Islamabad today.

The Prime Minister was informed that the Interest Free Loan Scheme has been recognized worldwide as one of the most effective tool in fighting poverty.

It was informed that an amount of 9.7 billion rupees have been disbursed so far under the program and 409,805 loans were given across the country including FATA, AJK and Gilgit-Baltistan. The Prime Minister was informed that 99 percent recovery rate was another manifestation of the success of the program.

The Prime Minister while expressing his satisfaction over the progress of the program, also appreciated the role of Pakistan Poverty Alleviation Fund towards implementation of the program in a transparent and effective manner.

He said serving the poor segments of society has remained the foremost priority of the government.

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