Punjab Announces Rs 300 Billion Business Loan Scheme with Interest-Free Options
Punjab Minister for Industry and Commerce Chaudhry Shafay Hussain announced a Rs 300 billion financing program offering interest-free loans up to Rs 100 million to boost commercial activities.
PothikTV News Desk: 21 October 2026, 10:04 am
Punjab Provincial Minister for Industry and Commerce Chaudhry Shafay Hussain has announced the launch of a Rs 300 billion business financing program this year, aimed at accelerating industrial and commercial growth across the province.
The announcement was made during an important meeting of the Board of Directors of the Punjab Small Industries Corporation (PSIC), presided over by Chaudhry Shafay Hussain at PSIC House on Davis Road in Lahore. The board reviewed a focused agenda and approved key measures to strengthen local industry.
Under the Chief Minister Aasan Karobar Finance Scheme, the program will provide interest-free loans of up to Rs 100 million to eligible businesses. For higher loan amounts, concessionary markup rates will apply to support business scaling.
According to Chaudhry Shafay Hussain, loans ranging between Rs 100 million and Rs 1 billion will carry a reduced markup rate of 3 percent. Meanwhile, larger loans ranging from Rs 1 billion to Rs 5 billion will be offered at a 5 percent markup rate.
The board also approved a decision to file an appeal in the Federal Constitutional Court against a Lahore High Court Division Bench ruling concerning employee pensions within the corporation.
In addition to financial schemes, the minister instructed officials to speed up infrastructure improvement works across 24 small industrial estates situated throughout Punjab.
It was highlighted during the meeting that Mandi Bahauddin has established its first small industrial estate. Plot allotments for this estate will be processed entirely online, with a 20 percent quota specifically allocated for overseas Pakistanis.
