Punjab finance minister announces interest-free loans for farmers

LAHORE: Punjab Finance Minister Mujtaba Shuja-ur- Rehman has announced the provision of interest-free loans to farmers during the crucial crop sowing season for bolstering agricultural endeavors. This financial assistance seeks to empower farmers and facilitate their agricultural activities.

Furthermore, the minister emphasised the need to ensure swift financial support, within a timeframe of three months, to the wives and children of employees who tragically lost their lives during their tenure of service. This measure reflects the government’s commitment to providing comprehensive support to the families of deceased employees.

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These announcements were made during the fourth session of the Standing Committee on Legislation and Privatisation of the Cabinet, presided over by the provincial minister. The meeting was attended by notable figures including Provincial Minister for Law and Communications Malik Sohib Bharat, Provincial Minister for Local Government Zeeshan Malik, and key officials from related departments.

During the session, a nine-point agenda was deliberated upon, encompassing crucial matters such as agreements with financial institutions, approval of memoranda of understanding (MoUs) with governmental bodies, and a review of pertinent legislative acts. The provincial finance minister directed relevant authorities to expedite processes related to the issuance of Kisan Cards in collaboration with the Bank of Punjab and the implementation of the Jalalpur Irrigation Project in partnership with Pakistan Railways.

Moreover, discussions revolved around amendments to various ordinances and acts, including the Social Security Ordinance 1965 and the Punjab Heritage Act 2005. Minister for Communications and Works (C&W) Malik Sohaib Ahmad Bherth commended proposed amendments by the Punjab Employees Social Security Institute, particularly in facilitating the establishment of a medical college in Faisalabad.

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Additionally, Minister Zeeshan Malik stressed the importance of tax compliance as a national duty, urging citizens to fulfill their obligations. Minister Bherth highlighted the significance of promoting religious tourism in Punjab, emphasizing the need for effective utilisation of resources by the Tourism Department to showcase the region’s rich cultural heritage.

The session concluded with a directive from Minister Shuja-ur-Rehman to relevant authorities to ensure meticulous planning and execution of proposed initiatives. – INP