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Monday, May 27, 2024

If you have a tech-based business idea, you’re in luck

News Desk |

Federal Minister for Science and Technology, Fawad Chaudhry, has announced to provide loans for tech-based business ideas in Pakistan with the aim to help tech entrepreneurs.

In a tweet posted today, Fawad Chaudhry made the announcement to provide loans from ‘70 to 100 percent loans’ for the execution of any tech-based business idea anyone shares. He also informed aspirants that they can register and submit their ideas for evaluation in July for Pakistan’s first-ever Science Fair 2019.

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

Earlier, Fawad Chaudhry had announced the organization of the first state-level Pakistan Science Fair, which will be held in Islamabad in August 2019.

The Federal Minister went on to address his followers on Twitter, stating that this is the chance for anyone who wishes to exhibit their innovations, entries of which will be entertained till July.

Read more: 5G technology coming to Pakistan?

“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 Chaudhry had earlier tweeted.

Fawad Chaudhry has also announced to reform the moon-sighting system in Pakistan. He wants to use the latest technology that will replace the clerics for moon-sighting for major religious events.

Read more: Will technology help give Pakistan free & fair elections?

He announced that a five-member committee, comprising officials from SUPARCO and his ministry, would make a new 10-year calendar to put an end to the “controversies” that arise every year around major Islamic events.  He also announced to issue a 10-year future calendar which will predict the dates of the new moon for religious purpose.