• Home
  • E-Paper
  • Archive
  • Contact us
  • Daily Pakistan
Friday, December 1, 2023
  • Login
Daily The Patriot
  • Home
  • Top Stories
  • National
  • World
  • Business
  • Sports
  • Showbiz
  • Technology
  • Editorial
  • Opinion
  • E-Paper
    • Archive E-Paper
No Result
View All Result
  • Home
  • Top Stories
  • National
  • World
  • Business
  • Sports
  • Showbiz
  • Technology
  • Editorial
  • Opinion
  • E-Paper
    • Archive E-Paper
No Result
View All Result
Daily The Patriot
No Result
View All Result
Home Top Stories

PM Imran launches interest-free loan program worth Rs407bn

by Daily Patriot
March 2, 2022
in Top Stories
0
PM Imran set to reshuffle cabinet next Monday
0
SHARES
68
VIEWS
Share on FacebookShare on Twitter
Prime Minister Imran Khan addresses the launching ceremony of an interest-free loan programme worth Rs407 billion at Faisal Mosque, Islamabad. — DawnNewsTV

Prime Minister Imran Khan on Tuesday launched an interest-free loan program worth Rs407 billion under the Kamyab Pakistan Programme, which he said would contribute to making the country’s low-income groups self-reliant.

Addressing the program’s launching ceremony at Faisal Mosque in Islamabad, the premier said 4.5 million families would benefit from interest-free loans under this initiative to set up small businesses, construct homes, start farming and acquire technical education.

He added that Rs2.5bn had been disbursed by the government among the low-income groups in various welfare schemes so far, and that banks had also given loans worth Rs55bn after the government encouraged them to facilitate the common man.

The prime minister stressed the need for transforming Pakistan into a welfare state, along the lines of the state of Madinah, saying that the country was envisioned as a socio-welfare state.

But deviation from this ideology increased difficulties for the common man, he regretted.

He said that he would be launching the Rehmatul-lil-Aalameen Authority tomorrow (Thursday), a body envisioned by him for researching how best to disseminate lessons from the life of the Holy Prophet (PBUH) to the public.

‘FBR’s record collection allows relief measures’

PM Imran also spoke about his recent announcement of slashing petrol and electricity prices, saying that that government was able to take the step due to “record” tax collection by the Federal Board of Revenue (FBR).

Earlier this week, the prime minister had announced the slashing of petrol price by Rs10 per liter and electricity tariff by Rs5 per unit as part of a series of measures to bring some relief to the public.

The announcement was met with criticism and skepticism by many, particularly the opposition. The move was dubbed a “populist” measure and many had expressed the fear that it would lead to a fresh spree of borrowing to finance the package.

However, PM Imran explained in his speech today that it was in fact the revenue collected by the FBR that enabled the government to take such relief measures.

“I want to thank the FBR today for collecting […] record tax in Pakistan and because of this we have reduced the petrol price by Rs10 per litre and power tariff by Rs5 per unit when prices are on the rise internationally,” he said. The prime minister added that the government was able to take these steps because “we have more money”.

He said the nation should rest assured that their taxes would be used to “elevate individuals, reduce their burden and reduce inflation”.

“This is my promise to you. This [tax] money will not be spent on anything but you,” he said.

Earlier, the premier had lauded the FBR in a tweet for “successfully knocking down” February’s revenue target of Rs 441bn and “posting a robust growth” of 28.5 percent.

“Because of this performance of the FBR, we are able to subsidize petrol, diesel, and electricity and give relief to our people,” he said.

FBR has successfully knocked down Feb revenue target of Rs. 441 billion, posting robust growth of 28.5 percent, and up to the month growth of over 30 percent. Because of this performance of FBR we are able to subsidise petrol, diesel and electricity and give relief to our people.

— Imran Khan (@ImranKhanPTI) March 2, 2022

Tags: FBRimran khansocio-welfare state
Daily Patriot

Daily Patriot

Next Post
Realistic, futuristic training vital for operational readiness: COAS

Army chief encourages youth to join law enforcement

Latest News

Excluding sedition
Editorial

shortcuts are not solution to stable economy

by Daily Patriot
December 1, 2023
0

In their desperation to claim credit for economic success, our ruling classes have a strong inclination to prescribe policies that...

Read more
Unveiling the Tragic Facade of Bilal Pasha’s Suicide:

Unveiling the Tragic Facade of Bilal Pasha’s Suicide: Unraveling the Complexities

November 30, 2023
The federal cabinet approved the trial of the cipher case in Adiala Jail

The federal cabinet approved the trial of the cipher case in Adiala Jail

November 30, 2023
Israel and Hamas have agreed to a one-day ceasefire in Gaza.

Israel and Hamas have agreed to a one-day ceasefire in Gaza.

November 30, 2023
Nimra Khan's response to news of car accident while intoxicated

Nimra Khan’s response to news of car accident while intoxicated

November 30, 2023
  • Home
  • Top Stories
  • National
  • World
  • Business
  • Sports
  • Showbiz
  • Technology
  • Editorial
  • Opinion
  • E-Paper
Call us: 051-233-1674

© 2023DAILY PATRIOT - For the latest news updates from the Daily Patriot. Download Our Apps image description image description

No Result
View All Result
  • Home
  • Top Stories
  • National
  • World
  • Business
  • Sports
  • Showbiz
  • Technology
  • Editorial
  • Opinion
  • E-Paper
    • Archive E-Paper

© 2023DAILY PATRIOT - For the latest news updates from the Daily Patriot. Download Our Apps image description image description

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In