Speaking in Hyderabad about the Youth Loan Business Scheme, the premier claimed the process of loan approval was free of nepotism. He added that “even my own recommendations will not influence the selection process of this scheme,” garnering applause from the audience.
Some children are not able to get an education because of a lack of resources, Nawaz said, adding that “the biggest obligation to facilitate [these children] lies with the government, but society should help as well.”
Addressing the scheme’s applicants, Nawaz said “I want your futures to be given back to you.” He said he wanted to speak to the applicants and learn more about them and what they plan to do with the loans.
Justifying the new loan scheme, Nawaz said banks offer loans to "baray log" but the poor and needy are not given such options.
The scheme
Nawaz said those selected for this scheme will be expected to return the loan in eight years. The first year will be a grace period in which they will not need to return anything, he stated.
The scheme will not only benefit those who receive it, it will also increase available jobs and perhaps increase exports from Pakistan, the premier added.
"I hope to see the positive impact of this scheme in a year’s time," Nawaz said.
COMMENTS (81)
Comments are moderated and generally will be posted if they are on-topic and not abusive.
For more information, please see our Comments FAQ
@saeed: Impressive research Mr Saeed. The hypocrites must be shown their true selves.
This is coming from a man who has 50 MNAs & MPAs in his party that are related to him. The height of hypocrisy.
@Abubakar:
Have you an alternative for the job?
Rex Minor
Hahahahahahahaha
The best headline of 2014, good start, well done Mr Sharif, obviously you have just learnt a new word:)
HAHAHAHAHA
nothing more to say
Its only 3 Jan and I can guarantee we wont hear anything funnier this year! Mian sahib is one in a million!
Does the Prime Minister Nawaz Sharif know the meaning of the word nepotism? Somebody needs to tell him that in order to rid the country of this sickness, he must first sack his brother the C.M. of Punjab, followed by his various relatives, nephews and his own daughter including a large number of his cronies that he has appointed since his election.
The sad part it no one had a courage to challenge the PM on his blatant lies instead they applauded at his claim.
I am sure that Pakistan will progress. PTI should also support the federal government to resolve national issues.
And let me add as well my dear countrymen Mariam Nawaz, Captain Safdar, Ishaq Dar, Hamza Shahbaz, Mian Mansha, Abid Sher Ali and my and my wife's various nephews and nieces are all competent and deserve their current appointments.
As per Transparency International, there is significant decrease in corruption in last few months. Credit goes to PMLn. But opponents dont have courage and sportsman spirit to appreciate.
Bahahahahaha...... good one! Daughter, brother, daughter's father in law, nephew, IHC.... I'm not sure he knows what nepotism really even means!
ALLAH bless Pakistan. ALLAH bless Nawaz Sharif.
Look who is talking about nepotism.
Here is the meaning of nepotism: nepotism noun noun: nepotism
**1. the practice among those with power or influence of favoring relatives or friends, especially by giving them jobs. "his years in office were marked by corruption and nepotism"**
and here goes the proof of the Nawaz Sharif nepotism, as the saying goes 'charity begins at home'
https://twitter.com/United_Pakistan/status/418422931962609664/photo/1/large
@Pervaiz Lodhie:
Mr. Lodhie, with all due respect, Computers output is based on input........as they say.........Garbage in is Garbage out........We all know PAKISTANIS are taught how to cook books from very early day in schools and colleges......
It's a cultural and ethic issue, where as all leadership (at the moment) does not even know the basics of ethics.
Kettle calls a pot black.
In UP, father heads the party, son is chief minister, son’s wife and uncles are MPs. In Punjab father is the chief minister and the son is the deputy chief minister. Daughter is chairperson of Youth loan scheme. He is the man who even do not want to conduct local body election because he wants to keep entire power with him. He must be kidding with people of Pakistan .
The PM himself is the product of nepotism how can a person become PM with serious cases of corruption and money laundering? Why he did not think this while appointing Maryam Sharif as the chairperson of Prime Minister’s Youth Programme. He has also conferred top slots to his relatives. If you see the list of ministries you will find all the key ministries are held by Shari and co.
So the man who spends most of his time distributing key posts among his family and keeps his kitchen cabinet restricted to mostly individuals of Kashmiri descent is talking about ending culture of nepotism. See how he has distributed key posts among his family members and today he is talking about ending nepotism. He himself is the torch bearer of nepotism in Pakistan.
It would seem that Pakistan is infected with the same virus of Nepotism which is on the loose in the German republic as well. The new Government manifesto for the year 2014 aims to combat it. Strange that the Prime Minister of Pakistan is publicly condemning it as well. What a coincidence?
Rex Minor
For verification, measurable results over time, accountability both sides, transparency to show to the nation and world requires uncorruptable electronic data on all. Only computers can give you required large data instant analysis. There should be many more public-private partnerships. Beggars, cheaters, looters must be sidelined.
Ironic, considering Maryam Nawaz as heading the program!
The statement about nepotism was a political one.apart from this i personally expect much from this scheme as it'll definitely open doors for youngsters to prove their mettle and help fostering the economy
CM of Punjab - My borther Head of youth loan scheme - My daughter Finance Minister - My daughter's father in law.
Someone please explain the meaning of nepotism to me.I do not really understand.
Only "honesty" and honest Leaders can save Pakistan. These two faced liars know that people follow them blindly and so say whatever they want. Masses will believe them. Wake up Pakistan! It is 2014 already!
Lion of Pk. NAWAZ
Biggest hypocrite. Own daughter is assigned for loan scheme head. Shameful...
Just how stupid does he think we Pakistanis are?
Hahahahahahhahahahahahahahahhahaha
HahahahahahahhaahahhahahahahahahahahahahahhaahHhahahahahahaahahhahahahahahaha
2014 just started but this is definitely going to be the joke of the year if not the century! What's he doing in politics? He is such a natural at comedy. He played the biggest joke on the people of Pakistan and their mandate. Lol too funny!
Mian Nawaz Sharif have made Maryam Nawaz the head of the hundred billion dollar youth loan program which the world bank has declared as a one a million dollar gamble.
lolz. Your brother is a cm of largest province.
Every 5 days there is a story of irregularities, use of pressure and threats in hiring/firing of important officials. PM, clearly irritated, takes immediate action on this:
He suspends the Nadra chief, receives Turkey's PM in Lahore instead of the Capital (personal as opposed to national relations...) and launches a Youth Loan Scheme for the 'poor' who can find a rich guarantor (who'd pledge his property for collateral - even though s/he is not comfortable lending to this friend in need him/her-self), and makes his dear daughter the in-charge of this project.
To seal his asininity, he tells the 180 million seeming-goofs he rules that "Pakistan's culture of nepotism must end." Enough said.
He is the leader of the "PML-N" where N stands for Nawaz. Now he wants to tackle nepotism. Mr PM remove the N from your party name, otherwise you will be seen for what you are, a hypocrite.
Charity begins at home mister prime minister.
Look, Who is talking ! ! ! !
You need to be shameless to say this.
Where are Ch. Allah Dad' comments today??? :) No where to be seen
Both the PML and PPP are family businesses which the stupid Pakistani public keeps voting for. Do you ever think that there will be a leader of these parties who doesn`t come from the founding families?
Does this guy think before he speak? This statement is mother of all ironies.
1) Shahbaz Sharif (Brother of Nawaz Sharif) 2) Hamza Shahbaz Sharif-MNA (Nephew of Nawaz Sharif, Son of Nawaz Sharif) 3) Maryam Nawaz Sharif (Daughter of Nawaz Sharif) 4) Captain Safdar-MNA (Son in Law of Nawaz Sharif) 5) Haji Tahir Ali-NA 21 Mansehra Bye Election Pmln Ticket Holder (Brother of Captain Safdar ) 6) Bilal Yaseen-MNA (Nephew of Kalsoom Nawaz) 7) Mohsin Latif-MPA (Nephew of Kalsoom Nawaz) 9) Ishaq Dar-Senator (father in Law of Nawaz Sharif's Daughter) 10) Umar Sohail Zia-MNA (Son of Ex-MNA Sohail Zia Butt, Close Relative of Nawaz Sharif) 11) Sohail Zia Butt (Cousin in Law of Nawaz Sharif) 12) Owais Zia Butt (Brother of Sohail Zia Butt, Ex-MPA) 13) Abid Sher Ali-MNA (Son of Kalsoom Nawaz's Sister) 14) Ch. Sher Ali (Husband of Kalsoom Nawaz's Sister) 15) Salman Shahbaz (Son of Shahbaz Sharif, Nephew of Nawaz Sharif) 16) Senator Farooq Saeed Khan (Nawaz Sharif's Son Father in Law
And it starts at HOME, Mr. PM
This man is insulting the intelligence of the people of Pakistan never mind the people of Punjab because they are fed on this insult day in and day out and the media ensures it reaches every nook and corner since it comes from the paymaster.
Not sure if article is satire or Captain N-League can't see under his nose?
readers' comments remind me of Uttar Pradesh, Punjab and Tamil Nadu in India. In UP, father heads the party, son is chief minister, son's wife and uncles are MPs. In Punjab father is the chief minister and the son is the deputy chief minister. And in Tamilnadu, the story is no different. I did not mention the Congress because its a political party and not a state. Thats south asian culture:)
Look who is talking. Nepotism is the middle name of all politicians. They cannot get rid that. It is in the blood of every Pakistani corruption bribery and nepotiscm.
Imran Khan was, is and will always be the one on record for awakening the youth of Pakistan. When will NS stop imitating and pre-empting whatever Imran Khan says and does. Bankrupt politicians have no mind of their own to initiate policies, It is about time the people of Pakistan wake up to the realities of their country and stop electing time and time again politicians tried, tested and failed. Pakistan is a country of 180 millions and yet is there no-one who could run and manage Pakistan?
Leave my family and cronies out. Nepotism is only applicable to the rest. Does he ever hear himself?
HA HA HA! Look who is talking. Put your house in order NS.
Well !!!!!!! Sharif Sahib....... Baran log are used to taking up billions (not thousands) of rupees loan and transfer some to UK / Saudia and some in Pakistan Bank account. Than Baray log will get elected to parliament (using some of the loaned money) and pass bills to forgive their loans (calling it bad loan or failed investments).
Chotay log will not be able to do that..... Sharif Sahab!!!!! You are part of that Baray Log baradari........ Also if you look at current govt setup........you see nothing but nepotism.....I.e. Full of shurafa.
Yeah and start from your family first. What is the qualification of your daughter to head the 100 Billion Rupees Loan Project and Why your close relatives are all in the top positions now a days .?? Even now a days in Punjab your origins are asked before giving a contract and if you are not a Kashmiri Origin Punjabi then your chances are doomed in anyway.
Look who is talking
Charity starts from home Honourable PM NS! Are you ready?
Really, Nawaz Sharif, Shehbaz Sharif, Hamza Sharif, Maryam Sharif, Ishaq Daar and now Army Sharif.
“even my own recommendations will not influence the selection process of this scheme"
But Your recommendation will make your daughter chairperson of the programme.
LOL
'And with that I decide that my daughter will head this loan program'. We need to change the definition of nepotism for Nawaz Sharif.
Excellent Mr Prime Minister. Lets start with your own house and party.
Hahahahahaha!! And who is the chairperson of this thingy? Why maryam nawaz, of course!!
Speaking of nepotism, who is the CM Punjab again?
Starting From PM home ?
safrish is a cancer, look who is saying that? what is Marrium Nawaz Shareef doing as head of loan scheme?
Good statement: But charity begins from home. Remove Mr. Dar from your cabinet,everybody knows that he is your kin.
nepotism = humza shehbaz is his nephew
Like charity, ending nepotism should begin at home
So true, Mr PM, how about reconsidering Meriam Nawaz's appointment as the leader of the youth programme
Lolz @such statement by a 'Friends and Family' government. Its hillarious
This coming from a loan-defaulter, provides a lot of credibility to this argument. How about appointing someone from the opposition as head of this scheme, and not your own daughter?
That's an excellent idea. Let's start with the Parliament and work our way down. All in favor...?
But, my daughter is the only one I could find to run this scheme!
LOL says the guy who has given all the top job to his relatives :P
He choose his daughter to be chairman of the scheme and now talking about the nepotism. I am shocked.
Someone should explain the meaning and essence of Nepotism to our poor P.M. if people are uneducated to understand. Lolz
"Prime Minister Nawaz Sharif said “we need to rid Pakistan of the culture of nepotism,” "
Yes... he said this while appointing Maryam Sharif as the chairperson of Prime Minister’s Youth Programme.
Good Luck and have Fun.
Compare this link with this claim
https://twitter.com/United_Pakistan/status/418422931962609664/photo/1/large
Corruption free steps of this government must be acknowledged/appreciated.
The PM himself is the product of nepotism how can a person become PM with serious cases of corruption and money laundering?
So the man who spends most of his time distributing key posts among his family and keeps his kitchen cabinet restricted to mostly individuals of Kashmiri descent is talking about ending culture of nepotism.
Is this guy joking? your family is the poster child of nepotism.