News Column

Yellow Cab drive for youth

July 25, 2014

Punjab Chief Minister Shahbaz Sharif has said that his government is implementing various programmes for the empowerment and provision of employment opportunities to the youth.

Presiding a meeting in the provincial capital, the chief minister said that Yellow Cab Scheme would be initiated this October, under which 50,000 vehicles would be given to the unemployed youth on soft terms.

Assembly Members Ayesha Ghaus Pasha, Sheikh Alauddin, Chief Secretary, Chairman Planning & Development, President Bank of Punjab, Secretaries of Finance and Information departments, Managing Director Suzuki Company and concerned officials were present in the meeting.

Addressing the meeting, the CM said that a transparent and computerised system would be adopted for the distribution of vehicles under Yellow Cab Scheme, adding that the government would also give subsidy on these vehicles. “Youth is an asset of the nation and being empowered through provision of employment opportunities,” Shahbaz said. He also informed that the Punjab government had initiated several programmes for the empowerment of youth and soft-term loans were being given to them under Self-Employment Programme for setting up their own businesses.

The Yellow Cab Scheme is being started from October this year under which 50,000 vehicles will be given to the unemployed youth on soft terms. An agreement in this regard was signed between BOP and Pak Suzuki at BOP Head office Lahore. The Bank of Punjab President Naeem Uddin Khan and Pak Suzuki Managing Director Hero Fumi Nagao signed the agreement.

According to a BOP statement, the Yellow Cab Scheme 2011 turned to be a great success both in terms of self employment generation. 20,000 yellow cabs were provided to unemployed youth in the year 2011-12 & installment recovery rate remained above 99 per cent.

Based on success of previous yellow cab scheme, the Punjab government and the BOP have planned to launch Self employment scheme for unemployed educated youth of Punjab to achieve objectives of creating self employment opportunities by providing 50,000 vehicles on easy monthly installments.

Pak Suzuki will deliver total 25,000 Bolan & 25000 Ravi pickup to The Bank Of Punjab at fix price and will be giving special discount of Rs40,000 per vehicle for this scheme.

Twin cities MBS get 68 buses: The Punjab government has decided to purchase 68 buses for the Islamabad-Rawalpindi Metro Bus Service.

A high level meeting, chaired by Chief Minister Shahbaz Sharif on Thursday, also approved the Orange Line Train Project and budget of the Punjab Metro Bus Authority for the year 2014-15.

The CM told the meeting that his government was implementing a revolutionary programme for the provision of safe, comfortable and economical travelling facilities to the masses. He said that about 0.17m people were benefitting daily from the splendid project of Lahore metro bus which had also given a new identity to the provincial metropolis. He said that the orange line metro train project was also being launched which would not only provide modern travelling facilities to the citizens but the transport culture would also be revolutionised.

He said that feasibility study of the purple line metro train and blue line metro train would also be conducted. Shahbaz said that the Rawalpindi-Islamabad metro bus project would be completed during the current year which would result in provision of speedy transport facilities to the people of the twin cities.

He said that foundation stone of the bus project in Multan would be laid on August 14, the Independence Day.

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Source: Nation (Pakistan)

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