Prime Minister of Pakistan, Imran Khan chaired a federal cabinet session yesterday. (December, 31) Members of the cabinet discussed an 8-point agenda under the supervision of PM Imran, aiming to review the overall political and economic situation of Pakistan.
The federal government decided to launch a Rs6 billion subsidy programme during the first week of January in order to provide essential food items, including flour, rice, edible oil and pulses etc to the people through Utility Store Corporation (USC) at affordable prices. The decision was taken during the cabinet meeting in which the new year’s priorities were also discussed in meticulously.
The minister also enlisted the achievements of the government, despite the various challenges encountered in the previous year. Furthermore, a draft bill of the National College of Arts (NCA) Institute was also expected to be presented during the meeting. Handover of Sohail Ahmed to the United Kingdom authorities was also on the discussion agenda. (December 31) The cabinet was briefed on the appointment of Small and Medium Enterprises (SEMs) CEO and the financial statistics.
Briefing the media about the cabinet decisions in a press release, Special Assistant to Prime Minister on Information and Broadcasting, Dr Firdous Ashiq Awan said the cabinet noted a positive trajectory of the several economic indicators.She informed that the country’s exports and foreign reserves witnessed significant increase, while inflation experienced a downward trend.
“The current account and trade deficits witnessed 73% and 43% decrease, respectively, with 17% increase in the tax collection by the Federal Board of Revenue (FBR) and 14.7% in the exports. The cabinet was informed that the foreign direct investment in the country increased from $147 million in the previous year to $2.6 billion during the outgoing year,” she said, adding that Rs87 billion had been spent under the annual Public Sector Development Programme (PSDP) so far”, Dr Firdous told Media.
“Rs700 billion more would be spent under this programme. The prime minister directed to give more priority to the projects under the PSDP, she said, adding that funds had also been transferred to the provinces for their development programmes”, Firdous added.
During the previous meeting held by the federal cabinet on December 24, the dismissal of PML-N leader, Maryam Nawaz’s name from the Exit Control List was rejected according to the consensus.
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