ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet on Thursday approved Prime Minister’s Youth Business and Agriculture Loan Scheme (PMYB&ALS) model for E-Bikes and Rickshaws, under which the facility of Rs 0.5 million would be provided with zero per cent markup for a period of three years.
“Under the scheme, clean loan up to Rs 0.5 million will be given under Tier-I of PMYB&ALS at 0% markup rate for repayment in three years. This facility will be available for upto 15,000 E-Bikes/Ricksaws in the current financial year. The modalities of the scheme will be worked out by the Ministry of Industries and Production in coordination with PMYB&ALS”, said a press release.
The ECC met with Minister for Finance and Revenue Senator Mohammad Ishaq Dar in chair, considered and approved summary of Ministry of Commerce regarding declaration of Customs Station Angoor Adda as authorized export land route to Afghanistan and through Afghanistan to Central Asian Republics. –Agencies
