Business

LAHORE – After “stabilizing” the economy, the Government of Pakistan is now embarking on a high growth strategy to create maximum employment opportunities, according to Radio Pakistan, the state-run radio network.

According to the Annual Development Plan 2015-16, the enhanced size of the Public Sector Development Programme and investment in the China Pakistan Economic Corridor will increase GDP growth to 5.7 per cent and also generate employment, reported Radio Pakistan on Tuesday.

Under CPEC, an inflow of around 46 billion dollars is expected to spur economic activity and create around two million new jobs directly and indirectly.

During the previous year, 386 Megawatts of electricity had been added to the system and another 2,500MW will be added this year that to ensure uninterrupted supply of energy to industry and eventually improve employment prospects in the economy.

Under Youth Business Loan Scheme, young entrepreneurs aged between 21 and 45 years are being provided subsidized financing options through designated financial institutions.