PM praises govt on achieving 5.37% GDP growth in three years

PM, Bill Gates discuss issues related to polio eradication

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ISLAMABAD: Prime Minister Imran Khan Friday congratulated his government on achieving the GDP growth of 5.3% which led to substantial jobs creation and also raised per capita income.

The prime minister wrote on Twitter that the success of the government’s economic reforms was also recognized globally.

He also cited a report of Bloomberg which predicted that Pakistan would sustain a high growth trajectory and employment levels.

Moreover, the prime minister also said that since the outbreak of the COVID-19 pandemic, Pakistan had been ranked amongst the top three countries on the normalcy index.

He said the Economist magazine, in its latest normalcy index also indicated that during the pandemic, Pakistan simultaneously saved jobs as well as lives.

Prime minister felicitates govt on achieving 5.37% GDP growth in three years

According to Bloomberg, Pakistan’s GDP grew 3.9% in the fiscal year ended June 2021, swinging from a 0.5% contraction in fiscal 2020 but leaving a slight negative output gap of -0.8%.

“We see the output gap turning positive for the next few years before it converges to zero,” it added.

Bloomberg also projected a gradual decline in the unemployment rate through 2030 to its long-term historical average of 5.5%. It also projected a gradual rise in the participation rate through 2050.

Prime minister felicitates govt on achieving 5.37% GDP growth in three years

The government has launched a comprehensive youth employment program with a focus on imparting market-oriented skills.

The investment growth is expected to pick up in the current decade, spurred by inflows related to CPEC projects. Meanwhile, the tax reforms, driven by the outcome of negotiations with the International Monetary Fund, are also being implemented.

This should increase tax revenues, making space for higher public investment. ISLAMABAD, Jan 20 (APP): Prime Minister Imran Khan had a telephonic conversation with Bill Gates, Co-Chairman of Bill & Melinda Gates Foundation here on Thursday and discussed matters of shared concern including Polio eradication in Pakistan and the ongoing Covid-19 pandemic.

The Prime Minister expressed appreciation for the work of the Bill & Melinda Gates Foundation in fighting poverty, disease, and inequity around the world. He in particular lauded the work of the Bill and Melinda Gates Foundation in Pakistan.

The Prime Minister reaffirmed that eradication of polio from Pakistan remained a key priority of the government and efforts were underway to intensify the anti-Polio campaign across the country despite challenges related to the ongoing Covid-19 pandemic.

He also underscored that Pakistan witnessed continued positive progress with the sharp reduction in Polio cases in 2021 and recorded only one polio case in the whole year.

While commending the Gates Foundation’s strong advocacy to promote equitable access to Covid-19 vaccines, the Prime Minister underscored the importance of equitable, timely, and scaled delivery of Covid-19 vaccines to help low-income countries alleviate the social and economic effects of the pandemic.

Bill Gates appreciated the recent efforts made by Pakistan to eradicate Polio, reinforced his commitment to Polio eradication; acknowledged Pakistan’s successful Covid-19 vaccination campaign; and assured of Gates Foundation’s continued support.

The Prime Minister and Bill Gates agreed to continue working together on the shared objectives. Prime Minister Imran Khan Friday said that the government, for the first time in the country’s history, facilitated the overseas Pakistanis by introducing Roshan Digital Account and a portal to register complaints.

The prime minister, in a meeting with Advisor on Overseas Pakistanis Ayub Afridi, also discussed the appreciation by expatriates for the government’s measures to resolve their complaints and for granting them voting rights.

The prime minister instructed his Advisor to enhance coordination with Pakistan’s missions abroad to expedite the resolution of their complaints.

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