The Government of Punjab is set to launch an "Orange Cab" scheme seeking to provide 100,000 cars to unemployed youth in the province.

"The Orange Cab scheme will be launched this year," the Punjab Chief Minister Shahbaz Sharif was quoted as saying by the provincial government in a tweet.

Sharif expressed his desire to see the framework of the scheme developed electronically in order to restrict any possibility of mismanagement or corruption.

'"The scheme will provide 100,000 people with a source of income," he said, adding, "Previously, as part of the 'Apna Rozgar' scheme, the Punjab government has disbursed 50,000 cars to Punjab's young people."

CM Shahbaz Sharif stressed the importance of mobility as essential in helping young people secure a respectable source of income.

The Punjab government is known for its focus on expanding road infrastructure across Punjab's major cities.

With the Orange Cab scheme in the pipeline, the province may see a surge in the number of cars on its streets.

According to a survey conducted by the Pakistan Bureau of Statistics, the total unemployment rate in Pakistan stood at 5.9 per cent, in 2014-15.

Follow Dawn Business on Twitter, LinkedIn, Instagram and Facebook for insights on business, finance and tech from Pakistan and across the world.

Opinion

Rule by law

Rule by law

‘The rule of law’ is being weaponised, taking on whatever meaning that fits the political objectives of those invoking it.

Editorial

Isfahan strikes
20 Apr, 2024

Isfahan strikes

THE Iran-Israel shadow war has very much come out into the open. Tel Aviv had been targeting Tehran’s assets for...
President’s speech
20 Apr, 2024

President’s speech

PRESIDENT Asif Ali Zardari seems to have managed to hit all the right notes in his address to the joint sitting of...
Karachi terror
20 Apr, 2024

Karachi terror

IS urban terrorism returning to Karachi? Yesterday’s deplorable suicide bombing attack on a van carrying five...
X post facto
Updated 19 Apr, 2024

X post facto

Our decision-makers should realise the harm they are causing.
Insufficient inquiry
19 Apr, 2024

Insufficient inquiry

UNLESS the state is honest about the mistakes its functionaries have made, we will be doomed to repeat our follies....
Melting glaciers
19 Apr, 2024

Melting glaciers

AFTER several rain-related deaths in KP in recent days, the Provincial Disaster Management Authority has sprung into...