Skip to main content

Balochistan to give interest-free loans


QUETTA: The Balochistan government has decided to give interest-free loans to people to compensate them for the losses suffered due to lockdown triggered by the coronavirus.

The provincial cabinet had approved the scheme and in some districts it had already been started, Finance Secretary Noorul Haq Baloch said in a statement on Sunday.

“Around 30,000 youths, who were facing unemployment in the province, will immediately benefit from the interest-free loan scheme,” he said.

Baloch said a programme was also under consideration on the directive of Chief Minister Jam Kamal Khan Alyani for distribution of cash among 119,000 deserving families through the Zakat fund of Rs2 billion.

“As many as 32,000 families will get cash very soon,” he added.

He said that another fund would also be allocated for providing health facilities to the poor.

The finance secretary said the provincial government had taken many measures to deal with the impact of the coronavirus pandemic on the economy.

“Coronavirus has put the global economy under pressure and Balochistan will surely face its implications. Steps to meet the challenge will be taken on the directive of the chief minister,” he added. He said Balochistan has an informal economy and the formal economy is mostly from services sector. The agriculture sector accounts for 30 per cent of the GDP and it provides 40pc of employment.

“The mines and mineral sector, which is a major contributor to the provincial economy, will also be affected by the virus outbreak. The Balochistan government will counter it through immediate, medium-term and long-term strategies,” he added. The closure of borders with Iran and Afghanistan has affected businesses and many workers in Balochistan have lost their jobs.

He said the cabinet had decided to distribute ration worth Rs760 million among the needy.

Published in Dawn, April 20th, 2020


Popular posts from this blog

SSG Commando Muddassir Iqbal of Pakistan Army

“ Commando Muddassir Iqbal was part of the team who conducted Army Public School operation on 16 December 2014. In this video he reveals that he along with other commandos was ordered to kill the innocent children inside school, when asked why should they kill children after killing all the terrorist he was told that it would be a chance to defame Taliban and get nation on the side. He and all other commandos killed children and later Taliban was blamed. Muddassir Iqbal has deserted the military and now he is  with mujahedeen somewhere in AF PAK border area” For authenticity of  this tape journalists can easy reach to his home town to interview his family members or   ISPR as he reveals his army service number” Asalam o Alaikum: My name is Muddassir Iqbal. My father’s name is Naimat Ali. I belong to Sialkot divison (Punjab province), my village is Shamsher Poor and district, tehsil and post office  Narowal. Unfortunately I was working in Pakistan army. I feel embarrassed to tell yo

CPEC Jobs in Pakistan, salary details

JOBS...نوکریاں چائنہ کمپنی میں Please help the deserving persons... Salary: Salary package in China–Pakistan Economic Corridor (CPEC) in these 300,000 jobs shall be on daily wages. The details of the daily wages are as follows; Welder: Rs. 1,700 daily Heavy Duty Driver: Rs. 1,700 daily Mason: Rs. 1,500 daily Helper: Rs. 850 daily Electrician: Rs. 1,700 daily Surveyor: Rs. 2,500 daily Security Guard: Rs. 1,600 daily Bulldozer operator: Rs. 2,200 daily Concrete mixer machine operator: Rs. 2,000 daily Roller operator: Rs. 2,000 daily Steel fixer: Rs. 2,200 daily Iron Shuttering fixer: Rs. 1,800 daily Account clerk: Rs. 2,200 daily Carpenter: Rs. 1,700 daily Light duty driver: Rs. 1,700 daily Labour: Rs. 900 daily Para Engine mechanic: Rs. 1,700 daily Pipe fitter: Rs. 1,700 daily Storekeeper: Rs. 1,700 daily Office boy: Rs. 1,200 daily Excavator operator: Rs. 2,200 daily Shovel operator: Rs. 2,200 daily Computer operator: Rs. 2,200 daily Security Supervisor: Rs.

A ‘European Silk Road’

publication_icon Philipp Heimberger ,  Mario Holzner and Artem Kochnev wiiw Research Report No. 430, August 2018  43 pages including 10 Tables and 17 Figures FREE DOWNLOAD The German version can be found  here . In this study we argue for a ‘Big Push’ in infrastructure investments in greater Europe. We propose the building of a European Silk Road, which connects the industrial centres in the west with the populous, but less developed regions in the east of the continent and thereby is meant to generate more growth and employment in the short term as well as in the medium and long term. After its completion, the European Silk Road would extend overland around 11,000 kilometres on a northern route from Lisbon to Uralsk on the Russian-Kazakh border and on a southern route from Milan to Volgograd and Baku. Central parts are the route from Lyon to Moscow in the north and from Milan to Constanţa in the south. The southern route would link Central Europe with the Black Sea area and