Govt will give loans for execution of tech-based business ideas: Fawad Ch

Our sci-tech minister seems overwhelmingly motivated to make bigger announcements every day that influences the tech industry of our country.

In his efforts to boost the startup ecosystem in Pakistan, Federal Minister for Science and Technology, Chaudhry Fawad Hussain has recently announced that government will provide loans for the execution of technology-based business ideas.

This seems a good development for all those tech-savvy people who are looking to initiate a business in science and technology departments. In a statement on Twitter, the minister wrote, “If you have any tech-based business idea and you want sponsorship, we will give you seventy to hundred percent loan for execution of your idea, get yourself registered for evaluation of your ideas in July, get ready.”

According to the minister, the government will give 70 to 100 percent financial assistance for the execution of tech-based business ideas. Last week, Chaudhry had announced that the first Pakistan Science Fair will be held in August 2019 in Islamabad. For the first time, a state-level science fair is going to be organized in Pakistan. In his Twitter announcement, he further said, “if you want to showcase any of your innovation get set for this great Science Fare, entries will be open from July one.”