KARACHI: The apex committee of the Student Loan Scheme approved yesterday Rs173.57m ($1.74m) worth of interest-free loans to be given to deserving students so that they could pursue higher studies in Pakistan.
The loans were approved during a meeting of the committee held at the headquarters of the State Bank of Pakistan.
SBP Deputy Governor Saeed Ahmad presided over the meeting which was attended by representatives of the Finance Division, National Bank of Pakistan, MCB Bank, Allied Bank, Habib Bank and United Bank. The Rs500m endowment fund was created for the scheme in the fiscal year 2001-02. The NBP operates the scheme by receiving and scrutinising loan applications, disbursing loan and investing in the endowment fund.
Loans approved will be disbursed among 1,072 students enrolled by public sector universities in the under-graduate, graduate, MPhil and PhD programmes of 2012-13 session.
37 rebels killed in Afghanistan
Kabul: At least 37 Taliban militants were killed and 55 were injured following military operations in the past 24 hours.
The Ministry of Interior said the operations were conducted by Afghan National Police in cooperation with Afghan National Army and Afghan intelligence, National Directorate of Security (NDS) operatives, Khaama press reported
The statement further added the operations were conducted in Farah, Logar, Laghman, Parwan, Nangarhar and Ghazni provinces.
“Also, during these operations, Afghan National Police discovered and confiscated light and heavy rounds ammunition,” it said. Police discovered and defused two different types of IEDs placed by enemies of Afghanistan for destructive activities in Helmand and Takhar provinces.
Agencies
