Mohtarma Maryam Nawaz Sharif expressed her deep satisfaction over the paying back of loans in easy instalments by the young beneficiaries of the PMYBLS

June 08, 2014

Chairperson Prime Minister Youth Programme, Mohtarma Maryam Nawaz Sharif expressed her deep satisfaction over the paying back of loans in easy instalments by the young beneficiaries of the PMYBLS.


This she expressed during a call on by Mrs. Tahira Raza, President, First Women Bank Ltd., who briefed the Chairperson PMYP on the paying back of loans through instalments by the beneficiaries of the PMYBLS, here today. 

The Chairperson, while hailing the start of depositing back of loans through easy instalments by the PMYBLS beneficiaries, said that as per vision of the Prime Minister Mohammad Nawaz Sharif, the PMYP has been moving in the right direction. She maintained that the success of the unprecedented PMYP  is evident from the fact that the beneficiaries of the PMYBLS have been able to deposit monthly instalments against the loan in the lending banks' branches. 

The Chairperson maintained that the beneficiaries of the PMYBLS have not only successfully established their businesses but, have started making profits, including women, who now enjoy the ownership of profitable and demand-driven trades including dairy farming, e-clothing (sale of stitched clothes through online marketing), beauty saloons, tuition centres, boutiques, provision and general stores, handicrafts, health clubs, interior designing etc. 

Chairperson PMYP further maintained that the returning back of loans through easy instalments by the budding entrepreneurs speaks volume of the success of the PMYBLS in particular and PMYP in general and added that the latter has turned talented but  jobless youth into successful and emerging entrepreneurs as now they are able to pay back the loan after successfully running their trades. 

The President of the FWBL while apprising the Chairperson told that the beneficiaries of the PMYBLS have also started paying back the principal instalments which shows the thriving profit ratio of their respective trades.