S&T Minister Fawad Chaudhry vows to provide loans to innovative startups

Minister for Science and Technology made the significant announcement.

Sci-Tech minister vows to provide loans for tech-based initiatives in Pakistan.


Tech-based initiatives can play a significant role in Pakistan’s economy and the incumbent government realizes that. Minister for Science and Technology Ch Fawad has come forward with a brilliant plan for the youth aspirants in the field of tech. The government is interested in providing them with loans covering 70 to 100 per cent of the costs.

Ch Fawad encouraged people to register their ideas for evaluation until July for the first ever Pakistan Science Fair 2019.

”If you have any tech-based business Idea and you want sponsorship, we will give you seventy to hundred per cent loan for execution of your idea, get yourself registered for evaluation of your Ideas in July, get ready.”

The announcement came a few days after the minister announced to organize first ever state-level science fair in Pakistan. The fair is to be held in August 2019 in Islamabad.

First Pakistan Science Fair to be held in August 2019 In ISLAMABAD, if you want to showcase any of your innovation get set for this great Science Fare, entries will be open from July one.

Fawad said that it is an ideal chance for anyone who wants to exhibit their innovations. Entries will open from July 1, 2019.

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Social media community appreciates the support for tech-based initiatives:

Social media community has subsequently lauded Ch Fawad for his step, saying it will help encourage the tech entrepreneurs. With providing employment opportunities, they also play a role in commerce and regional economic integration.

This initiative will also help promote new technologies efficiency and address environmental challenges. The innovation impacts socio-economic objectives and will a modern, efficient atmosphere of learning.

The initiative has been lauded by Pakistanis, who have shown hope that it will prove to be fruitful.

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