Parwaz Card Launched for Overseas Students Offering Interest-Free Loans of Up to Rs 3 Million

The Parwaz Card Program 2026 launched by the Government of Punjab under the leadership of Chief Minister Maryam Nawaz is a major initiative aimed at empowering overseas Pakistani students through interest-free financial support. Designed to encourage entrepreneurship and economic participation, the program offers interest-free loans of up to Rs. 3 million to students living abroad who want to establish or expand businesses in Punjab. By linking this initiative with broader efforts such as the Asaan Karobar Scheme 2026, the Punjab government is creating opportunities for young, educated Pakistanis to contribute to sustainable economic growth in their home province.

Many overseas Pakistani students possess modern skills, global exposure, and innovative business ideas, but financial limitations often prevent them from investing in Pakistan. The Parwaz Card addresses this challenge by providing easy access to interest-free loans with a simple online application process that can be completed from anywhere in the world. The program supports startups and businesses in sectors such as clean energy, technology, education, and other priority areas aligned with Punjab’s development goals, making it easier for students to turn ideas into viable enterprises.

Under the Parwaz Card scheme, eligible applicants can apply for interest-free loans of up to Rs. 3 million without any markup or service charges. The application process is fully digital, with clear guidance for document submission. Special emphasis is placed on youth-led and women-led businesses, encouraging inclusive economic participation. The program is structured to utilize the skills and international experience of Pakistani youth living abroad while strengthening entrepreneurship within Punjab.

The Parwaz Card is open to overseas students and young professionals of Punjab origin who meet specific eligibility criteria. Applicants must fall within the defined age range, hold a valid CNIC or NICOP, be registered tax filers with an NTN, and present a feasible business plan for investment in Punjab. For higher loan amounts, collateral is required to ensure transparency and financial responsibility, allowing the program to support serious and viable business proposals.

The scheme offers different loan categories based on business scale and guarantees. Smaller loans are available for startups and low-risk ventures, while larger loans of up to Rs. 3 million support established or expanding businesses that can provide appropriate security. This flexible structure allows applicants to choose financing options that best match their business needs and capacity.

Applicants are required to submit basic identification documents, tax records, proof of overseas residence or study, and a detailed business plan outlining costs and expected impact. For larger loans, collateral documentation is also necessary. These requirements help ensure accountability and smooth processing throughout the approval cycle.

The online application process involves registering on the official Punjab government portal, selecting the appropriate loan category, submitting accurate personal and business information, uploading required documents, and waiting for verification. Once approved, the loan is disbursed through authorized banking or digital channels, with repayment starting after a defined grace period, making it manageable for new businesses.

The Parwaz Card Program offers overseas students a unique opportunity to become job creators rather than job seekers. By investing their education and international experience into local businesses, applicants can contribute to employment generation and long-term economic stability in Punjab. The initiative also supports returning students who want to build sustainable careers in their home districts instead of seeking limited employment options.

A strong focus has been placed on supporting women and young entrepreneurs, with additional facilitation for female-led ventures in sectors such as renewable energy, education, and digital services. This approach promotes financial inclusion and gender equality while ensuring broader participation in economic development.

The Parwaz Card Program 2026 represents more than financial assistance; it reflects a strategic vision to connect global Pakistani talent with local economic growth. With interest-free loans, a transparent application process, and strong government backing, overseas Pakistani students now have a practical pathway to invest in Punjab’s future. For those who aspire to launch businesses in Pakistan and contribute to national development, the Parwaz Card offers a timely and transformative opportunity.