PEC to Grant Interest-Free Loans to Young Engineers – Research Snipers

PEC to Grant Interest-Free Loans to Young Engineers


It has been announced by the Pakistan Engineering Council (PEC) Chairman Engineer Jawed Salim Qureshi that the council will grant interest-free loans to the young engineers.  

An Engineering Construction Bank will be established to provide interest-free loans to young engineers that will allow them to develop their own respective startups.

The chairman said that it is important to develop an entrepreneurship culture among engineers. With the lack of job opportunities in the market, business culture must be promoted. Also, he said that the Pakistan engineering council has the necessary equipment to facilitate the dams’ construction if given the opportunity.

Qureshi was addressing the annual convention of Pakistan Society of Agricultural Engineers at University of Agriculture Faisalabad (UAF) where he stated that Pakistan has the capability to produce affordable electricity.

He said the expensive electricity is taking a toll on exports. He stressed the importance of agriculture for Pakistan’s economy.

Adding, “Collaborated efforts are needed for supporting the farming community, the downtrodden segment of society, and to promote modern and smart technology for increasing per-acre productivity.”

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The chairman said that the government sectors handling engineering should have engineers on top positions in order to achieve better results.

UAF Vice Chancellor Dr. Muhammad Ashraf spoke on the occasion highlighting the need to reduce the industry-academic linkages

He said, “Engineers should come up with low-cost agro-technology for small farms so that per-acre production can be increased manifold.”