LAHORE: Punjab Skills Development Fund (PSDF) and the Bank of Punjab (BoP) have signed an agreement to operationalise the Chief Minister’s Parwaaz Card Scheme for international placement, facilitating financial access for youth seeking overseas employment opportunities, says a release.

The agreement was signed by BoP Chief Digital Officer Nofel Daud and PSDF CEO Ahmed Khan.

The partnership establishes an outcome-based model to remove the barrier of upfront cost of opportunity in overseas employment for Punjab’s skilled youth. Under the scheme, eligible candidates in sectors including construction, retail, caregiving, hospitality, and allied sectors will access interest-free loans of up to Rs1,000,000 to cover pre-departure expenses, enabling a smoother pathway to global employment. The initiative targets 45,000 loan beneficiaries over two years.PSDF is responsible for applicant onboarding, facilitation, and coordination with Overseas Employment Promoters (OEPs), while BoP will manage KYC verification, loan appraisal, approval, disbursement, and repayment.

President BoP Zafar Masud indicated coordination with the State Bank of Pakistan (SBP) to explore early access to Roshan Digital Accounts for Parwaaz Card holders.

Published in Dawn, June 15th, 2026