Tuesday, May 30, 2017

Punjab govt to launch 'Orange Cap' scheme providing 100,000 cars to province's unemployed youth

LAHORE (Monitoring Desk): The Government of Punjab is set to launch an "Orange Cap" scheme seeking to provide 100,000 cars to unemployed youth in the province.

"The Orange Cap scheme will be launched this year," the Punjab Chief Minister Shahbaz Sharif was quoted as saying by the provincial government in a tweet.

Sharif expressed his desire to see the framework of the scheme developed electronically in order to restrict any possibility of mismanagement or corruption.

'"The scheme will provide 100,000 people with a source of income," he said, adding, "Previously, as part of the 'Apna Rozgar' scheme, the Punjab government has disbursed 50,000 cars to Punjab's young people."

CM Shahbaz Sharif stressed the importance of mobility as essential in helping young people secure a respectable source of income.

The Punjab government is known for its focus on expanding road infrastructure across Punjab's major cities. With the Orange Cap scheme in the pipeline, the province may see a surge in the number of cars on its streets.

According to a survey conducted by the Pakistan Bureau of Statistics, the total unemployment rate in Pakistan stood at 5.9 per cent, in 2014-15.

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