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Govt. to pass on benefit of reduced oil prices to public

ISLAMABAD: Abdul Razak Dawood, Advisor on Commerce, Textile, Industry and Production has stated here today that the government intended to pass on the benefit of reduced oil prices in international market to public.

He said despite the huge challenge of debt, PM Imran Khan preferred to provide relief to people who are suffering from lockdown restrictions. He reminded that the incumbent PTI government had introduced the biggest stimulus package in the history of Pakistan to help the deserving affected by the COVID-19 lockdown.

Advisor said since just one program was not sufficient to help all segments of the society, therefore the government is introducing multiple programs to assist all sectors: Under Ehsaas program an amount of Rs. 144 billion was earmarked to help the deserving people. The amount, he pointed out, is being disbursed in a transparent manner across the country.

Advisor on Commerce, Textile, Industry and Production went on to say that in order to provide instant relief to small and medium enterprises the government will pay their three-month electricity bills. Abdul Razak Dawood said under another program the unemployed laborers will be provided cash benefits. For this purpose Rs. 75 billion have been set aside. He said some other programs to support the informal workers of the country will be introduced in the next few days.

Speaking about the revival of textile industry Abdul Razak Dawood, Advisor on Commerce, Textile, Industry and Production informed that textile demand had increased lately due to severe restrictions in different countries on such industries. Therefore, he said the Govt. was focusing on revival of textile industry.

According to the Advisor mobile phone prices will come down due to digitization policy of the incumbent government meant to encourage Pakistan’s IT sector. He further told that government had resorted to IMF just for a bailout package expecting that it would be the last package with the Fund. | YouTube Channel

M M Alam

M. M. Alam is a Pakistan-based working journalist since 1981. Karachi University faculty gold medalist Alam began his career four decades ago by writing for Dawn, Pakistan’s highest circulating English daily. He has worked for region’s leading publications, global aviation periodicals including Rotors (of USA) and vetted New York Times as permanent employee of daily Express Tribune. Alam regularly covers international aviation and defense-related events including Salon Du Bourget (France), Farnborough (United Kingdom), Dubai (UAE). Alam has reported thousands of events and interviewed hundreds of people in Pakistan, UAE, EU, UK and USA. Being Francophone Alam also coordinates with a number of French publications.