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LAHORE \u2014 PSDF and The Bank of Punjab (BOP) have signed an agreement to operationalize the Chief Minister’s Parwaaz Card Scheme for International Placement, facilitating financial access for 450,000 skilled youth seeking overseas employment opportunities.<\/p>\n\n\n\n
The agreement was signed by BOP Chief Digital Officer, Nofel Daud and PSDF CEO, Ahmed Khan. This partnership establishes an outcome-based model designed to address the upfront costs associated with overseas employment for skilled youth in Punjab.<\/p>\n\n\n\n
Under the scheme, eligible candidates in sectors including Construction, Retail, Caregiving, Hospitality, and allied sectors will access interest-free loans of up to PKR 1,000,000 to cover pre-departure expenses, enabling a smoother pathway to global employment. The initiative targets 45,000 loan beneficiaries over two years.<\/p>\n\n\n\n
"With Parwaaz Card, Punjab is investing for the right of youth to access overseas employment opportunities, and strengthen the economy through foreign remittances,” said Adnan Afzal Chattha, Chairperson, CM Punjab Taskforce on Skills Development.
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\u201cThis intervention reflects Pakistan\u2019s significant trained human export potential served as a key driver behind the development of Parwaaz Card,\u201d added Nadir Chattha, Secretary, Skills Development & Employment Department (SD&ED)<\/p>\n\n\n\n
Under the arrangement, PSDF will be responsible for applicant onboarding, facilitation, and coordination with Overseas Employment Promoters (OEPs). Meanwhile BOP will manage KYC verification, loan appraisal, approval, disbursement, and repayment.<\/p>\n\n\n\n
BOP President, Zafar Masud, said the bank was coordinating with the State Bank of Pakistan (SBP) to explore early access to Roshan Digital Accounts for Parwaaz Card holders.<\/p>\n\n\n\n
PSDF CEO, Ahmed Khan, stated: "With Parwaaz Card and our partnership with BOP, we are ensuring that the journey towards international placement is not interrupted by financial barriers.” BOP Chief Digital Officer, Nofel Daud, added: "With our lending infrastructure, we are creating a model that is not only impactful but sustainable.”<\/p>\n\n\n\n
Together, this partnership builds the institutional architecture for a sustainable skills export ecosystem, connecting Punjab’s skilled talent pipeline directly to global demand, while creating a structured remittance corridor that returns lasting economic value to the province and the country.<\/p>\n","protected":false},"excerpt":{"rendered":"
LAHORE \u2014 PSDF and The Bank of Punjab (BOP) have signed an agreement to operationalize the Chief Minister’s Parwaaz Card<\/p>\n","protected":false},"author":5,"featured_media":257352,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[89],"tags":[],"class_list":["post-257814","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-press-release"],"acf":[],"yoast_head":"\n