PESHAWAR
\nThe Khyber Pakhtunkhwa government has granted approval for providing subsidized loans to the province\u2019s youth, and small & medium enterprises (SMEs). The Bank of Khyber will offer further concessions on these loan schemes with favourable terms with the provincial government covering the associated costs.
\nThis approval was given during a meeting of the caretaker provincial cabinet chaired by Chief Minister Muhammad Azam Khan on Tuesday.
\nIn attendance were cabinet members, Chief Secretary Nadeem Aslam Chaudhry, and relevant administrative secretaries. Representatives from the Bank of Khyber also presented a comprehensive briefing to the Cabinet regarding loans for SMEs and youth provided by the State Bank of Pakistan, the province\u2019s involvement in such initiatives, and the resulting benefits.
\nThrough this provincial government initiative, the interest rates for borrowers and institutions will become highly affordable. Additionally, during the meeting, the provincial cabinet approved the allocation of 2 kanal and six marla of land for the establishment of a public library in Para Chinar Upper Kurram. The construction of a 13.5 kanal judicial complex in Sarai Norang (Lucky Marwat) was also endorsed.
\nThe provincial cabinet further approved the review of budget estimates allocated to the Khyber Pakhtunkhwa Housing Authority for the year 2022-23, along with the budget estimates for 2023-24. It also approved the delegation of enforcement powers to all Tehsil Municipal Administrations (TMAs) and the assignment of controlling officer powers to relevant Assistant Commissioners.
\nThe Provincial Cabinet also approved amendments to the Muslim Family Laws Ordinance 1961 and the inclusion of the Oath of Prophethood in the Marriage Registration Form. By-laws 2023 were also approved.
\nHowever, it\u2019s important to note that the provincial cabinet did not approve the at-source deduction of the $88.673 million debt owed by Khyber Pakhtunkhwa in the funds received from the federal government for polio eradication, nor did it approve the payment of the provincial government\u2019s share of the $155 million loan for future use. It\u2019s worth mentioning that the Punjab province has already voiced opposition to such federal government conditions.<\/p>\n","protected":false},"excerpt":{"rendered":"
PESHAWAR The Khyber Pakhtunkhwa government has granted approval for providing subsidized loans to the province\u2019s youth, and small & medium enterprises (SMEs). The Bank of Khyber will offer further concessions on these loan schemes with favourable terms with the provincial government covering the associated costs. This approval was given during a meeting of the caretaker […]<\/p>\n","protected":false},"author":2,"featured_media":361040,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":{"0":"post-361015","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-peshawar"},"yoast_head":"\n