The Government of Punjab has decided to launch a Rs150 billion Industrial Development and Export Program aimed at boosting industrial growth, increasing exports, and creating employment opportunities.
According to sources, Rs90 billion will be allocated for interest subsidies under the initiative to support businesses across key sectors.
Under the program, small and medium enterprises (SMEs) will be provided with interest-free loans of up to Rs100 million, while medium and large industrial enterprises will receive financing at a low interest rate of up to 3 percent.
Large industrial projects will be eligible for loan facilities of up to Rs5 billion, with a repayment period ranging from five to ten years.
The government has identified several priority sectors, including the agricultural value chain, textile, pharmaceutical, IT, and manufacturing.
Officials said the program requires participating industries to achieve at least 50 percent exports within four years, while investors must provide 20 percent equity for industrial projects.
Cluster programs will also support industries such as sports goods, textiles, leather, and cutlery to strengthen Pakistan’s export base.
Authorities said all projects must be established and operated within Punjab, and borrowers will be required to maintain a debt service reserve account.
The government expects the program to support industrial projects worth over Rs160 billion, helping accelerate industrialization and expand exports from the province.
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