Rs. 10 Million Interest Free Loans for Freelancers Announced
Interest-Free Loans have been announced by the Government of Pakistan to empower freelancers and startups across the country. The new initiative offers up to Rs. 10 million in financing under the National Co-Working Space Program (NCSP) to help establish 250 modern co-working centers nationwide.
The project, executed by the Pakistan Software Export Board (PSEB), aims to boost the freelance economy, improve digital infrastructure, and promote inclusive economic growth. By providing state-of-the-art workspaces, this initiative supports Pakistan’s vision of becoming a global freelancing hub.
Purpose of the Program
The National Co-Working Space Program (NCSP) is designed to enhance freelancers’ productivity and create a strong foundation for startups. It seeks to foster digital, financial, and economic inclusion while encouraging entrepreneurship and innovation among Pakistan’s youth.
Through this initiative, the government aims to connect local talent with global opportunities, ensuring freelancers have access to high-quality work environments, reliable internet, and collaborative networks.
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Financing and Program Details
Under this initiative, the government will offer interest free financing of up to Rs. 10 million to establish new co-working spaces or upgrade existing ones. These spaces will be developed under a public-private partnership (PPP) model and will have a minimum capacity of 100 seats.
| Component | Details |
|---|---|
| Loan Amount | Up to Rs. 10 million (interest free) |
| Capacity Requirement | Minimum 100 seats |
| Partnership Model | Public-Private Partnership (PPP) |
| Executing Authority | Pakistan Software Export Board (PSEB) |
| Financing Channel | PM Youth Loan Scheme or commercial banks |
This initiative not only provides financial assistance but also promotes sustainable infrastructure for the digital workforce.
Eligibility and Building Requirements
Applicants can apply if they have access to an existing or new space suitable for co-working facilities. The requirements for conversion or setup are as follows:
- Existing co-working spaces or new buildings are eligible.
- Public or privately owned/rented buildings with the right of use may apply.
- The applicant must manage operations, maintenance, and upkeep.
- Loans will be processed through the PM Youth Loan Scheme or commercial banks.
This open eligibility ensures equal opportunities for both private investors and institutions to participate in Pakistan’s digital development.
Addressing Youth Unemployment
According to Gallup Pakistan, nearly 8.9 million youth are unemployed and 21.8 million are not engaged in education or training. The NCSP aims to bridge this gap by creating professional workspaces that enable youth to earn, innovate, and collaborate.
By setting up 250 co-working spaces nationwide, the government is giving freelancers a structured platform to connect with clients, upskill, and contribute to Pakistan’s IT and digital services exports.
Promoting a Freelancing Culture
These new centers will serve as innovation hubs, encouraging collaboration between freelancers, tech startups, and creative professionals. Each space will provide facilities like high-speed internet, reliable power backup, and networking areas — essential for productivity and professional growth.
The program will also serve as a knowledge-sharing platform, helping freelancers exchange ideas, build teams, and access local and international markets.
Long-Term Impact on Pakistan’s Digital Economy
By empowering digital professionals through interest free loans, the government aims to strengthen Pakistan’s freelancing and startup ecosystem. This initiative aligns with national goals under Vision 2025 to create jobs, expand exports, and promote entrepreneurship.
The move also complements Pakistan’s progress in IT and e-commerce, where exports have already reached $3.8 billion and continue to grow steadily. As more co-working spaces open, the number of active freelancers is expected to rise, improving both productivity and foreign exchange earnings.
Conclusion
The introduction of Interest-Free Loans under the National Co-Working Space Program marks a milestone in Pakistan’s journey toward a digital and entrepreneurial future.
By combining financial support with modern infrastructure, the government is not only enabling freelancers and startups to succeed but also strengthening Pakistan’s position in the global digital economy.
For details and eligibility guidelines, visit the Pakistan Software Export Board (PSEB) official website.
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