Punjab govt achieves another milestone, distributes 50,000 vehicles on merit
He said this scheme had provided livelihood to three lakh persons. He said that recovery rate on vehicles was about hundred percent. He said those great Pakistanis who earned their living through hard work and honesty repaid their loans but those who had assets of billions of rupees, offshore companies, palaces and factories got their loans waived off. He said it was a grave injustice to the nation.
Shehbaz Sharif said such elements would have to be brought to justice and accountability as had indulged in loot, corruption and waiving of loans worth billions of rupees and brought the country to the verge of bankruptcy for making them an example for the future generations.
He said Punjab and the federal governments had set an example by saving 215 billion rupees of the nation. He said that some politicians had also told lies about metro train project and they should remember that the nations were not built on allegations and falsehood.
He said that a politicians who had recently performed Umrah had alleged that 43 crore rupees had been spent on a house in Murree while it was a fact that this place was not a private residence of anyone but this sum was being utilized on Governor House Murree.
He was addressing a ceremony at the conclusion of distribution of 50,000 vehicles among unemployed youth under Self-Employment Scheme at Chief Minister's Secretariat, here.
Provincial Minister for Finance Dr. Ayesha Ghous Pasha, Member Provincial Assembly Sheikh Alauddin, Parliamentary Secretary on Transport Nawaz Chauhan, MPA, Managing Director Pak-Suzuki Motor Company, Chief Secretary, recipients of the vehicles, columnists and intellectuals attended the ceremony.
The Chief Minister said that it was an important day in the history of the province as a milestone had been achieved through distribution of 50,000 vehicles among unemployed youth.
He said that loan for this scheme was given by the Bank of Punjab while the provincial government was bearing service charges. He said that a sum of Rs 40,000 per vehicle was saved as a result of negotiations with the company due to which a saving of two billion rupees was made.
He said that spare parts of the vehicles were imported from Japan and full benefit was taken of the decrease in the value of Japanese currency against rupee and thus Rs 500 million were saved. He said that a total of 2.5 billion rupees were saved in this scheme.
The Chief Minister said that like Self-Employment Scheme, the Punjab government had also implemented several projects successfully for the welfare of the masses. He said that under Punjab Educational Endowment Fund, more than 150,000 boy and girl students, facing financial problems, would be getting education in local and foreign educational institutions till June.
The CM further said that culture of merit and transparency had been promoted in Punjab and credit for this went to Prime Minister Muhammad Nawaz Sharif and Pakistan Muslim League-N government. He said that under the leadership of Prime Minister Nawaz Sharif, work was being carried out on public welfare projects in the country and Punjab round the clock.