ISLAMABAD: Azad Jammu and Kashmir (AJK) has approved one billion rupees to allow some 700 students from AJK receive technical training at different institutions across Pakistan.
In this context, the AJK's Cabinet Development Committee (CDC) has accorded approval to the establishment of one billion rupees' endowment funds under Technical and Vocational Training Authority (Tevta).
Under the endowment fund of Tevta, which is first of its kind in the state, 700 studying in different technical institutions of the state would be benefitted from this project, according to an official statement issued here.
These students would be provided necessary training in the renowned institutions of Pakistan, which would help them create job opportunities, eradicating the growing unemployment in the state, the statement said.
A Memorandum of Understanding (MoUs) would be signed between the AJK government and different companies and factories in Pakistan where those students would be imparted necessary skills to get desired jobs in the industry, it added.
"The amount of endowment fund would never be used for any other administrative purpose," it said.
The CDC has approved the offer of Azad Jammu and Kashmir Bank for the establishment of the said endowment fund.
Prime Minister AJK Raja Farooq Haider, according to the statement, has appreciated Planning, Development Department and other relevant authorities for showing sense of responsibility and proving their abilities for the development of the region, which helped put AJK as first position in utilization of development funds.
He acknowledged the "generous support of federal government for the progress, development and prosperity of the region," adding it was now the responsibility of the state government to utilise those funds for the public welfare projects and provide maximum facilities to the masses.
"The situation is rapidly changing due to the ongoing coronavirus pandemic. We need drastic changes and adoption of modern techniques for which each department would have to be prepared," the PM was quoted as saying in the statement.