Govt to provide loans for execution of tech-based business ideas

ISLAMABAD: Federal Minister for Science and Technology Chaudhry Fawad Hussain announced on Wednesday to provide loans for execution of technology based business ideas.

The development came as a good news for all those tech-savvy people who are looking to start their business ventures in this field.

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.”

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 #PakistanScienceFair2019

— Ch Fawad Hussain (@fawadchaudhry) May 15, 2019

As per the minister, the government will give 70-100 per cent loan for 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.”