ISLAMABAD: Finance Minister Muhammad Aurangzeb on Friday directed ministries and partner organisations to fast-track the launch of three flagship social impact initiatives — subsidised energy-efficient fans, a skills development bond, and a national small farmer credit scheme — expected to be unveiled by the prime minister in the coming weeks.

The initiatives aim to deliver tangible outcomes across energy efficiency, youth employment, and agricultural finance, and will be implemented in close coordination with regulators, financial institutions, and technical partners.

The first initiative — the Fan Replacement Programme — will offer affordable Islamic financing for replacing existing ceiling fans with energy-efficient models through a fully digital process. An online portal will facilitate customer onboarding, loan applications, fan selection from approved manufacturers, and repayment.

The government has earmarked Rs2 billion for the........

© Dawn Business