Rs. 5 billion allocates for launching Qarz-e-Hasna scheme

Islamabad :  The Finance Minister Ishaq Dar on Wednesday announced that Rs. 5 billion has been allocated for launching a scheme of “Qarz-e-Hasna” so that young people could establish their own businesses. He stated this while presenting the Federal Budget 2013-14 at National Assembly.

The finance minister said it has been decided to launch a new scheme to provide laptops to the students pursuing degree program from one of the HEC recognized universities or institution.

He said that scheme for reimbursement of tuition fee at Masters and doctorate levels which is available for the students of Balochistan  FATA and Gilgit Baltistan is being expanded to Interior Sindh  Multan  Bahawalpur and D. G Khan division which are equally less developed.

He said it has been decided to allocate five billion rupees to launch a scheme of “Qarz-e-Hasna” so that young people could establish their own businesses. Fifty percent of the beneficiaries of this scheme will be women.

Referring to the programmes for good governance  the finance minister said Parliamentarians Works Program-1 will continue and an amount of five billion rupees is being allocated for this program to ensure development activities at the grassroots level  while the Public Works Programmes-II is being stopped forthwith.

Ishaq Dar said the ministry of finance has issued necessary instructions for immediate ceasing of secret service expenditures and return of unspent balances.

Similarly  the proposed allocations for next year are being cancelled. However  such secret service expenditures will be made only to the agencies connected with the national security.

The finance minister said Prime Minister Nawaz Sharif had withdrawn exemption on tax free imports of luxury vehicles for VVIPs.

However  the previous governments allowed such vehicles without duty. He said the new government has again decided to withdraw exemption on the import of these luxury vehicles.

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