• Overview
  The program provides interest-free loans of up to PKR 1 million via a digital SME card. It's designed to help small business owners in Punjab expand and maintain their ventures, with a focus on organized access through digital platforms like mobile apps and POS systems, ensuring funds are used transparently.
  
  
  
• Key Features
  Maximum Amount: PKR 1 million Loan Duration:
• 3 Years Type of Loan: Revolving credit facility for a period of 12 months Repayment Schedule: 24 equal monthly payments following the initial year Grace Period:
• 3 months from the date of card issuance before repayment begins Permitted Uses:
• Payments to vendors and suppliers
• Utility bills, government fees, and taxes 
• Cash withdrawals (up to 25% of the limit) for various business needs - Digital transactions via POS and mobile application Interest Rate for End-User: 0%.
  
  
  

• Eligibility Criteria
• Small Entrepreneurs (SEs) in Punjab must meet the following criteria:  
• Age range of 21 to 57 years  
• Must be a Pakistani national residing in Punjab  
• valid CNIC and a mobile number registered in the applicant's name are required  
• The business, whether existing or prospective, must be located in Punjab  
• A satisfactory credit and psychometric evaluation is necessary  
• Each individual and business is allowed only one application  
• A clean credit history with no outstanding loans is mandatory.

• How to Apply?
  Applications must be submitted electronically through the PITB portal. A non-refundable processing fee of PKR 500 is required. Authorized agencies will perform digital verification of the CNIC, creditworthiness, and business premises.
  
  

Loan Usage and Repayment Details

• Initial 50% Limit: Accessible for utilization during the initial 6 months  
• Grace Period: 3 months following card issuance  
• After the 3-month period, the borrower is required to commence monthly payments, with a minimum payment set at 5% of the remaining loan balance (principal only)  
• Subsequent 50% Limit: Granted upon satisfactory usage, consistent repayments, and registration with PRA/FBR  
• Funds are designated solely for business-related activities. Transactions deemed non-essential (such as personal spending or entertainment) are prohibited  
• The outstanding balance after the first year will be repaid over a period of 2 years through Equal Monthly Installments (EMIs)

Charges / Fees:

Annual Card Fee: PKR 25,000 plus FED, to be deducted from the obligor's approved limit. Additional Charges: Life insurance, card issuance, and delivery fees are included in the scheme. For late payment of installments, late payment charges will be applied in accordance with the Bank's Policy and Schedule of Charges.

Security Details:

1. A personal guarantee electronically signed by the borrower is required. Life insurance is part of the portfolio. Urban Unit will perform a physical verification of the business premises within six months of loan approval and will continue to do so annually.

Key Conditions:  

The use of funds is limited strictly to essential business operations, with any non-business-related transactions prohibited.  

It is required to register with the PRA/FBR within six months following the issuance of the card.  

Each individual or business is permitted to submit only one application.  

Additional Support for Applicants:  

Feasibility studies can be accessed on the PSIC and BOP websites, specifically designed for startups and new enterprises.  

For assistance, please contact the helpline at 1786.

For more details and the latest about the program, visit:

 website: https://akc.punjab.gov.pk/cmpunjabfinance

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Position: Security Guard

• Job Role:
  The Security Guard will be responsible for maintaining a safe and secure environment by monitoring premises, controlling access points, and responding to emergencies. Key duties include:

  • Patrolling and monitoring activities on the premises.

  • Ensuring the safety of staff, visitors, and property.

  • Controlling entry and exit points, verifying identification, and maintaining logs.

  • Responding to alarms and emergencies promptly.

  • Reporting any suspicious activities or security breaches.

• 
  

• 
  

• 
  

• 
  

• Qualifications:

  • Minimum Matriculation (Secondary School Certificate).

  • Prior experience as a security guard or in a related field is preferred.

  • Basic knowledge of security protocols and procedures.

• Skills Required:

  • Strong observation and communication skills.

  • Physical fitness and the ability to stand for long hours.

  • Basic knowledge of first aid and emergency response is a plus.

  • Honesty, integrity, and a strong sense of responsibility.

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