AJK government takes steps to promote business

MIRPUR: Azad Jammu and Kashmir (AJK) Prime Minister Raja Muhammad Farooq Haider Khan said that the incumbent government was taking necessary measures to promote business activities in the State.

Prime Minister expressed this views in the oath taking ceremony of Traders Joint Action Committee (TJAC) in the capital town Monday.

He stated that foreign investment in AJK especially share of corporate banks and Diaspora would create new employment opportunities for the masses. “State does not progress with the creation of public sector job opportunities but it develops with trade and business” he said.

Farooq reiterated that "we will set some conditions for scheduled banks to give loans on easy terms and conditions for the promotion of business activities in the state."

The government of AJK has started several schemes for promoting new businesses under Azad Kashmir small industries corporation and Bank of Azad Jammu and Kashmir and providing loans to all small, medium and larger level traders on easy terms.

“The basic facilities will be provided for the promotion of business activities” he added.

PM AJK also added that the proposal for making a ware house for commercial goods coming through LOC trade was under consideration.

Meanwhile, Prime Minister also announced to establish nursing schools along with Muzaffarabad and Rawalakot Medical colleges in next fiscal year.

Prime Minister cautioned that some public sector employees had been observed responsible for favouritism and nepotism, such employees would be made accountable.

Moreover, Prime Minister also apprised the traders that he was aware of the load shedding issue being faced by the people and the progress on the projects to control load shedding in AJK is in progress on federal level.