Parwaz Card for Overseas Students

Breaking: Parwaz Card for Overseas Students – Apply for Interest-Free Loans Up to 3 Million

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Parwaz Card for Overseas Students

Aspiring to study or work abroad is a dream for many young Pakistanis, but the high cost of visas, tuition, and travel often makes it difficult to achieve. To bridge this financial gap, the Government of Punjab has launched the Parwaz Card Program 2026 under the “Maryam Nawaz Hunarmand Naujawan” vision. This initiative provides interest-free loans up to Rs. 3 million, helping students and skilled workers from Punjab cover pre-departure costs and pursue global opportunities without the burden of high-interest debt.

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FeatureDetails
Program NameParwaz Card Program 2026
Managed ByPunjab Skills Development Fund (PSDF)
Loan AmountUp to Rs. 3,000,000
Loan TiersSmall Scale (Rs. 500,000), Higher Education/Business (Rs. 3 Million)
Interest Rate0% Markup (Interest-Free)
EligibilityPunjab Residents, Age 18–35, Verified CNIC/NICOP
Application ModeOnline via parwaaz.psdf.org.pk
DisbursementBank Account or Parwaz Card Digital Wallet

What is the Parwaz Card Program?

  1. Short explanation: A digital loan initiative providing interest-free financial support for overseas studies and jobs.
  2. Economic Inclusion: Designed for youth without collateral to access international opportunities.
  3. Global Preparedness: Supports students, workers, and entrepreneurs with verified plans.
  4. Government Backing: Fully managed by PSDF with verified Overseas Employment Promoters (OEPs) and universities.

Loan Tiers and Financial Support

Tier 1: Small Scale Support (Up to Rs. 500,000)

  • Covers visa, tickets, medical tests, and protectorate fees.
  • No collateral required.
  • For semi-skilled and skilled workers with confirmed overseas job offers.

Tier 2: Higher Education & Business (Up to Rs. 3 Million)

  • Covers tuition, settlement costs, or larger entrepreneurial ventures.
  • Minimal collateral may be required based on loan size.
  • For students with university admissions or youth with verified business plans.

Eligibility Criteria for Parwaz Card 2026

  1. Residency: Must be a permanent resident of Punjab (CNIC/Domicile).
  2. Age Limit: 18–35 years for most tiers.
  3. Identity: Valid NADRA CNIC or NICOP.
  4. Required Document: Confirmed overseas job offer or admission letter.
  5. Health: Must pass required medical fitness for destination country.

How to Apply for Parwaz Card Online

Step-by-Step Process:

  1. Visit Official Portal: Go to parwaaz.psdf.org.pk.
  2. Create an Account: Register using CNIC and mobile number in your name.
  3. Upload Documents: Include CNIC/passport, admission/job offer, and skill/education certificates.
  4. Select Loan Tier: Choose amount up to Rs. 3 million according to your verified expenses.
  5. Verification: PSDF team verifies documents with government databases and OEP/university.
  6. Disbursement: Approved funds are transferred directly to your bank account or digital wallet.

Key Benefits of the Parwaz Card

  • 0% Markup: Interest-free loans save applicants from long-term debt.
  • Pre-Departure Training: Guidance on work ethics, laws, and cultural adaptation abroad.
  • Legal & Safe: Works only with licensed OEPs and verified universities, avoiding scams.
  • Flexible Repayment: Monthly installments start only after earning abroad.

Helpline & Contact Information

For assistance and queries:

Applicants should always use official channels to avoid fraudulent agents or scams.

Conclusion

The Parwaz Card for Overseas Students and Workers 2026 is more than a loan; it is an investment in Pakistan’s youth. By removing financial barriers, the program enables young Pakistanis to pursue global opportunities, gain international exposure, and contribute to foreign remittances. With interest-free funding, pre-departure training, and legal safeguards, the Parwaz Card is helping talented individuals build a secure and prosperous future abroad.

Frequently Asked Questions (FAQs)

What is the maximum loan available under the Parwaz Card?

Up to Rs. 3 million for higher education, settlement, or verified entrepreneurial projects.

Can I apply if I do not have a university admission yet?

Yes, for Tier 1, skilled workers with overseas job offers are eligible; Tier 2 requires verified admission or business plan.

Is collateral required for all loan tiers?

No. Tier 1 loans do not require collateral. Tier 2 may need minimal collateral depending on loan size.

How do I repay the Parwaz Card loan?

Repayment starts after the individual begins earning abroad, with flexible monthly installments.

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