The Chief of Army Staff, General Qamar Javed Bajwa, has requested assistance from Washington in achieving an early transfer of funds from the International Monetary Fund in order to help stabilize Pakistan's shrinking economy. Deputy Secretary of State Wendy Sherman, according to security sources, spoke with the army chief earlier this week. It is stated that the army chief made a plea to the White House and Treasury Department to get the IMF to immediately supply the almost $1.2 billion that the country is slated to receive under a reopened loan program. "Staff-level approval" for the loan was granted by the International Monetary Fund (IMF) on July 13. IMF Executive Board clearance is required before the transaction can be completed as part of Pakistan's $6 billion Extended Fund Facility. The International Monetary Fund (IMF) will be on vacation for the next three weeks, and its board will not meet until late August at the earliest. According to an IMF official wh...
The government will provide 100,000 laptop computers as part of the Prime Minister's PAloLaptop Scheme.
According to the Special Assistant to the Prime Minister (SAPM) for Youth Affairs, Shaza Fatima Khawaja, around 100,000 students enrolled in government institutions and colleges will soon get free computers as part of the Prime Minister's Laptop Scheme.
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She told APP on Monday that the initiative will exclusively offer high-quality computers to young people based on their merit.
"These laptops will be offered to every Ph.D. and postgraduate students, as well as top achievers in undergraduate programs," she explained.
According to the SAPM, the laptop program's given quota for Balochistan students has been increased, as have quotas for handicapped students and 50% of the program's authorized quota for women. The Prime Minister Skilled program would teach up to 100,000 young people in skills and information technology.
She said that the Pakistan Muslim League (N) administration created the Prime Minister Youth Program in 2013, which included six measures for empowering youth.
Khawaja dismissed the notion of terminating the Prime Minister Youth Loan Scheme as incorrect, adding that the program has been restructured and the loan cap has been reduced.
"Now, youngsters will be given interest-free loans up to Rs500,000, while loans between Rs500,000 and Rs7,500,000 will be given on reasonable conditions," she told APP.
She emphasized the critical necessity to offer these kids with market-relevant skills education, citing the fact that 20 lakh graduates enter the labor force each year after completing their schooling.
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