Published On: Fri, Jan 10th, 2014
Published in Category: District News

Rule of law panacea to all problems: PM

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BAHAWALPUR: Prime Minister Nawaz Sharif, Thursday, said that rule of law was panacea to all our problems and we want to ensure it at all levels. If rule of law had been followed and enforced in our country we would not have faced the problems which we are going through. Our religion also teaches us the same.

In his address to the applicants of Youth Business loan scheme here Prime Minister said the youth Business loan scheme is not a political slogan but a fulfilment of promise with the youth of Pakistan. I have started this scheme as a national cause and only economic and development interest of the country has urged me to start this scheme, he added.

The prime minister said that the youth of our nation has remained neglected and it is time that their real potential is used for the benefit of the country. Such schemes should have been started right at the time of inception of Pakistan. He told that the developed countries like Germany Japan and USA have made their youth self reliant and 80% of their economies are based upon them.

Prime Minister said that we have to trust our youth and want to give them financial independence so that they can play their positive role in economy of the country and utilize this loan amount productively.

Prime Minister said that previously the loans were given only to big people and the small loan borrowers were neglected. Each of these entities used to get billions of rupees.

We have decided to award loans to small borrowers in order to give benefit to the skilled youth and lower strata of the society. This will not only benefit the small borrowers but their families and people who will get employed in these projects. Despite the financial hardships government has been able to allocate Rs. 100 billion for the scheme, PM told.

Prime Minister further said that we have ensured transparency at every level in the government and it is heartening to tell that not a single corruption case has been reported in our six month tenure. He said that in such a short tenure the positive results on economy are evident to all.

He told that though the load shedding has not been completely curtailed, but still the statistics show that the load shedding is much less as compared to the situation last year. In order to completely end load shedding government has planned to build Diamer-Bhasha, Bunji and Dasu hydro power projects but these are long term projects and will bear results in 8-10 years.

Later, the Prime Minister interacted with the applicants and enquired from each of them about their plans after getting the loan. The applicants were enthusiastic to find Prime Minister amongst them and said that the loan scheme would help them to utilize their skills not only for the benefit of their own selves but their families and society at large too.

Federal Minister for Information, Broadcasting and National Heritage Senator Pervaiz Rashid and other senior government officials were also present at the occasion.