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Prime Minister Mohammadmian Soomro has said the country’s biggest asset is its human resource that can be nurtured through generating employment it poses the biggest challenge for the economy.

He was addressing a function of the National Bank of Pakistan (NBP) here on Saturday. The bank invited him as a chief guest to hand over keys of rickshaws to NBP clients who have obtained vehicles through NBP’s Karobar scheme launched by the bank under the President Rozgar Scheme. The prime minister said the second challenge of the country that is facing is low level of living standard, it could be improved by enhancing education and health standards and developing infrastructure of the country.

He said: “The government was making efforts to correct the supply of gas and electricity, which would improve the business climate of the country. Increase in business activity would ensure employment generation and we would provide investor-friendly atmosphere in the country.” He was of the view that schemes provided by both SME and commercial banks, like NBP Karobar, would increase business activities and help in creating jobs. He praised NBP for introducing NBP Karobar scheme and appreciated its role in helping Khushahali Bank to develop microcredit scheme.

On the occasion, he announced that loans up to Rs 700,000 would be provided to unemployed people to buy pick-up vehicles and a notification in this regard would be issued soon. “The government was considering providing taxis on loans,” he said.

Punjab Governor Khalid Maqbool said President Rozgar Scheme has been successful and it has provided jobs opportunities to unemployed, and all applications have been considered on merit.

He requested both the prime minister and NBP president to widen the scope of the scheme that would finance unemployed to buy pick-up vehicles, taxis and set up a workshop. NBP President Syed Ali Raza said President Rozgar Scheme is based on public-private partnership and it provides jobs to unemployed. He said the NBP took the initiative in April 2007 when it launched
NBP Karobar Scheme, and in the first three months it had 5,000 clients, in the next three months a number of clients increased to 15,000 and up to December 2007 the number was 45,000. “In the next five years, it is estimated that NBP Karobar would have two million clients, which means two million people would be employed,” he said.