National Bank of Pakistan (NBP) signed a Memorandum of Understanding (MoU) with Hunar Foundation with the objective to offer its alumni with the PM Youth Business Loan (PMYBL) Scheme that will serve as an innovative plan for the socio-economic development of youth, in an attempt to combat soaring unemployment in the country.
The scheme is aimed at empowering youth and poor segments of population to set up small businesses thus aiding them in securing economic empowerment. Mudassir Khan, SEVP/Group Chief CRBG said that the creation of multiple job opportunities signifies the strength and steadiness of overall economic performance. A country's capacity to generate employment depends upon its available human, technological and financial resources, combined with institutional strategies to achieve sustained economic growth. NBP takes pride in leading the PMYBL Scheme and being a catalyst for employment generation and poverty reduction.
Speaking at the occasion Javed Hassan, CEO Hunar Foundation said "The vision of Hunar Foundation is to see a skilled Pakistan. We take great pains to provide technical training to young men and women from lesser privileged areas of the country and have them certified by globally recognised accreditation like City & Guilds, UK. Another aim is to make them well rounded individuals by teaching them life skills, basic English and Maths and preparing them for interviews. We appreciate the initiative of NBP in providing Hunar Foundation's Alumni loans to set up own businesses, and I personally thank Mudassir Khan and his organisation for taking this initiative."-PR
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