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Pakistan launches loans for start-up businesses

Pakistani Prime Minister Nawaz Sharif Saturday launched a loan programme for people wanting to start their own business.

The "Youth Business Loans" is designed to provide subsidised financing at eight percent per annum for 100,000 beneficiaries through the state-run National Bank of Pakistan and First Women Bank, Xinhua reported.

The total interest rate would be 15 percent but the government would pay the remaini...

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