We have inherited large revolving credit policy, anti-export policies, unstable financial conditions, less competitive business environment and lack of incentives for the private sector.
Presiding over a meeting of the Microeconomic Advisory Group in Islamabad today, Prime Minister Imran Khan said that the government’s Smart Lock Dawn policies and incentives for the construction industry, social security programs and small and medium scale industries. Subsidies for businesses have pushed the economy forward at a steady pace, which has been praised by international observers.
In 2018, the worst balance of payments crisis in Pakistan’s history is due to the economic crisis due to the crisis in the world market, high commodity prices and the humanitarian crisis in Afghanistan, despite the direct and indirect effects on Pakistan, growth is expected to be above 4%. It is a great achievement.
The Prime Minister directed the concerned departments to coordinate and implement long term and short term plans for further improving the microeconomic condition of the country and improving the economic condition of the people.
Referring to the Corona situation, he said that Pakistan has performed exceptionally well against COVID as compared to other countries in the region.
The meeting reviewed the overall economic situation of the country, measures taken by the government to mitigate the effects of rising commodity prices on the common man and the achievements of the government in the last three years. Strong economic stabilization measures were taken after the successful tackle, which resulted in a 25% increase in exports compared to all the regional countries, even in the trial period of the Code. Tax revenue is at a record high with a 38% increase Currency has also increased by 27%.
The agriculture sector witnessed a decline in monthly revolving loans after successful IPP tariff agreements in the IT sector due to the government’s IT policy of record high profits of Rs. 950 billion for record income industries.
It was informed in the meeting that apart from the above, the government has fulfilled its promise of welfare state by launching the largest social security program in the country. Saved from
The meeting also discussed ways to pass on the effects of high global commodity prices to the general public. Proposals include increasing incomes, increasing the purchasing power of the people, focusing on the middle and low-income segments, and expanding the social safety net. Was included.
The meeting was attended by all the federal ministers and senior officials concerned.
