PM expresses satisfaction over combating Covid-19 performance, strategies
Diverse culture, natural resources and harmony are our true identity: PM
Islamabad: Chairing a meeting of the Macro Economic Advisory Group in Islamabad on Friday, he said the government’s policies of Smart Lockdown and incentive for the construction industry, social protection programs and subsidies for industries, small and medium enterprises kept the economy growing at a steady pace which has been praised by commentators globally.
He said the government’s three years are an economic success story as we inherited huge circular debt, anti- export policies, unsustainable fiscal conditions, a less competitive business environment, and policies of lack of incentive for the private sector.
The Prime Minister said despite the worst balance of payments crisis in the history of Pakistan in 2018, economic difficulties due to COVID, high commodity prices in the global market, and humanitarian crisis in Afghanistan having a direct and indirect impact on Pakistan, the growth is still expected to be above four percent which is a huge achievement.
Imran Khan directed the departments concerned to coordinate and implement the long-term and short-term plans for the further betterment of both the macro-economic conditions of the county and improvement in the economic condition of the people.
The meeting was given a comprehensive overview of the overall economic situation of the country, the government’s steps to mitigate the effects of high commodity prices on common people, and the government’s achievements in the last three years.
The meeting was informed that after successfully averting the crisis that the previous government left, robust economic stabilization measures were taken which resulted in high growth compared to all regional countries even in the tested times of COVID.
The exports have shown an increase of 25 percent, tax revenues are record high with an increase of 38 percent and remittances have also increased by 27 percent. Moreover, the agriculture sector witnessed record incomes, record-high profits of 950 billion rupees by industries, the boom in the IT sector due to the government’s IT policy, reduction in monthly circular debt after successful IPP tariff agreements.
In addition to the above, the government fulfilled its promise of a welfare state by launching the biggest social safety program under Ehsaas, bringing institutional reforms, and successfully complied with FATF’s conditions which saved us from going into the blacklist.
The meeting was also presented with proposals to mitigate the transfer of the effects of high global commodity prices to common people. The proposals included an increase in incomes, purchasing power of the people, subsidies focused on middle and lower-income classes, and expansion of the social safety net.
Meanwhile, A review meeting on preparations for Pakistan’s Diamond Jubilee 2022 celebrations was held in Islamabad today [Friday] with Prime Minister Imran Khan in the chair.
Speaking on the occasion, the Prime Minister said the purpose of celebrating Pakistan’s Diamond Jubilee is to express pride in our independence.
He said the ideologies of Quaid-e-Azam Muhammad Ali Jinnah and Allama Iqbal will be highlighted during the celebrations.
Imran Khan said diverse culture, natural resources, and harmony are our true identities.
In another meeting,
Prime Minister Imran Khan has said those involved in creating artificial shortages of urea in the country will be dealt with iron hands.
Presiding over a meeting to review the demand and supply of fertilizers in Islamabad today [Friday], he said Pakistan produces 25,000 tons of urea daily, which is enough to meet its needs.
He said last year, the country produced record bumper crops of wheat, sugarcane, cotton, and maize. He said due to the government’s agriculture-friendly policies, farmers earned an additional 822 billion rupees in the fiscal year 2020-21.
The Prime Minister said increased income has resulted in the higher purchases of urea by farmers.
Imran Khan said the government is focusing on providing an adequate amount of fertilizer for maximum production of wheat to ensure food security in the country.
He directed the authorities concerned to take all possible steps for efficient management of the urea supply chain for Rabi crops.