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Freelancers in Pakistan to get interest-free loans

MM News Staff by MM News Staff
December 10, 2023

In a pioneering move, the Ministry of Information Technology and Telecommunication has unveiled a transformative initiative designed to elevate the status of freelancers across the country. The initiative, which involves the provision of interest-free loans, aims to empower independent professionals by facilitating the establishment of e-working centers, addressing the persistent challenge of inadequate workspaces.

Under this groundbreaking program, each freelancer is set to receive a substantial financial boost, with an interest-free loan amounting to Rs100,000. This injection of funds is poised to catalyze a paradigm shift in the freelance landscape, fostering an environment where creative minds can thrive and contribute significantly to the national economy.

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The government’s commitment to this initiative is underscored by the allocation of Rs 50 billion for the development of private-sector co-working spaces. This financial backing is expected to benefit half a million freelancers nationwide, providing them with the necessary resources to enhance their productivity and professional capabilities.

The move comes as a strategic response to the growing demand for flexible and conducive working environments, acknowledging the vital role played by freelancers in shaping the modern workforce. By facilitating the establishment of e-working centers, the government not only addresses the issue of inadequate workspaces but also propels the freelance sector into a new era of innovation and economic impact.

As the nation embarks on this journey of supporting and empowering its freelance community, the Ministry of Information Technology and Telecommunication anticipates a ripple effect that will not only enhance the livelihoods of individual freelancers but also contribute to the broader economic prosperity of the country. The interest-free loans initiative stands as a testament to the government’s commitment to fostering a dynamic and resilient digital economy.

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