Interest-Free Loans for Young Engineers to be Offered by PEC

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PEC Loans

Pakistan Engineering Council (PEC) Chairman Engineer Jawed Salim Qureshi has announced that the council would offer interest-free loans to young engineers.

For this purpose, they will set up an Engineering Construction Bank to provide these loans to the individuals so that they can start their own venture.

Furthermore, the chairman shared that this is an effort in order to promote an entrepreneurial culture within the country among the youngsters and tackle existing issues like unemployment.

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While addressing the Pakistan Society of Agricultural Engineers at University of Agriculture Faisalabad (UAF), Qureshi shared that it is possible to produce low-priced electricity in Pakistan.

He added that the high costs of electricity are taking a negative toll on Pakistan’s exports and there is a dire need to improve the agriculture situation to stabilize the national economy.

Collaborated efforts are needed for supporting the farming community, the downtrodden segment of society, and to promote modern and smart technology for increasing per-acre productivity.

UAF Vice Chancellor Dr. Muhammad Ashraf also shared his two cents and added:

Engineers should come up with low-cost agro-technology for small farms so that per-acre production can be increased manifold.

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