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Strengthening national economy top priority of PTI govt: leadership

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ISLAMABAD: Pakistan Tehreek-e-Insaf (PTI) leaders on Thursday said that revival of economy was the top priority of the business friendly government which is committed to take every measure to facilitate businesses through improvement in ease of doing business.

Special Assistant to Prime Minister on Political Affairs said in an interview that the government was committed to strengthen national economy and introduce new reforms in economy.

He said opposition should be playing constructive role to strengthen the economy, adding, instead of supporting government in improving current economic situation, the opposition is only creating hurdles.

Opposition should avoid leveling baseless allegations against the government, he added.

MNA, Pakistan Tehreek-e-Insaf Riaz Fatyana said ” I would appreciate the government for giving exemplary economic reforms package. Such reforms will boost business and trade activities across the country.

The incumbent government is taking corrective measures to overcome economic crisis in the country, said, adding, “We are determined to strengthen the national economy at any cost”.

The government is taking concrete measures to strengthen investment opportunities and ease of doing business in the country, MNA said.

He further said , the government will launch a pilot project of a scheme in Islamabad under which a simple regime for taxation will be introduced on traders’ request.

Leader, Pakistan Tehreek-e-Insaf Farrukh Habib added, Welfare of a poor man is the focus of PTI-led government and I congratulate the whole nation on Economic Reforms Package presented by Finance Minister.

He said the incumbent government has taken bold and visionary decisions to uphold the economy of the country.

The economic reforms package includes Tax relaxation for small entrepreneurs and agriculturalists to boost local industry and agriculture, he mentioned.

“We are facing economic crisis due to the poor economic policies of the previous governments and It is appreciable that PTI led government has managed to decrease trade deficit and increase exports within limited time”, Farruk Habib added.

 

 

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Economy

12th 5-years plan envisages 5.4% growth 

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ISLAMABAD: Minister for Planning Development and Reform Makhdum Khusro Bakhtyar has said that the 12th Five Year Plan envisaged an average growth of GDP at 5.4 percent and the expected outlay of the Plan would be Rs 11.750 trillion including Rs 1 trillion involving innovative financing through a public-private partnership.
He said the plan extensively covered growth, macro stability, expand agriculture production, galvanize agro-business potential, industry and export competitiveness, human resource development, integrated energy planning, infrastructure development, social safety nets, poverty reduction, achieving SDGs and administrative reforms along-with focus on less developed areas, climate change and environment.
The Minister was chairing a briefing to Economic Advisory Council on draft 12th Five Year Plan here on Friday.
Advisor to PM on Commerce & Industry Abdul Razzak Dawood, members Economic Advisory Council, Secretary Planning Zafar Hasan, Secretary BISP Ali Raza Bhutta, Chief Economist Ejaz Wasti, Members Planning Commission and senior officials of all sections of the ministry were present during the briefing.
Makhdum Khusro said that it has been decided to conduct quarterly reviews of the plan at the Ministry and bi-annual reviews will be made by the Prime Minister for its effective implementation in achieving all the set targets.
He stated that priority will be given to projects related to infrastructure development, transport, housing, communication, energy, and water sector.
The Minister said that development strategy also entails boosting the country’s exports as well as envisages a mechanism to monitor the progress of ongoing projects.
He added that the Plan aims at improving the productivity of all sectors of the economy. He said that the Government was committed to ensuring timely completion of all ongoing projects without any cost escalation.
Makhdum Khusro appreciated the macroeconomic framework prepared by the Planning Commission.
Secretary Planning Zafar Hasan said that Plan document has been prepared through an extensive consultative process involving dialogue with stakeholders, formal consultation with the members of different working groups formulated for different sectors.
So far, more than thirty sessions have been held with stakeholders for preparing the draft of the next Plan. He apprised that after taking the inputs and suggestions from the members of the Economic Advisory Council, the Plan will be placed before the National Economic Council for consideration and approval.

 

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Asia

India divertig attention from Spy’s case?

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ISLAMABAD: Minister for Water Resources Faisal Vawda has termed the Indian threat to stop the flow of water from eastern rivers to Pakistan a “failed attempt”, just like the Pulwama incident, to divert attention from its failure in the Kulbhushan Jadhav case in International Court of Justice (ICJ).
In his reaction over India’s threat to stop Pakistan’s water, he said India could not blame Pakistan for its failure in the International Court of Justice to prove spy Kulbhushan innocent. As per Indus Water Treaty, India could not stop Pakistan’s water, he added, says a press statement here on Friday.
Describing the threat hilarious and void, he said the Indian government was preparing the ground to seek public support in next election by hurling allegation against Pakistan. “India must keep it in mind that it is a New Pakistan,” Vawda said adding that valiant Armed Forces of Pakistan would give a befitting response if India launched any misadventure. He said India would get nothing from its war hysteria except embarrassment among the comity of the nations.

 

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Economy

Senate Standing Committee visits Wafaqi colony

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Govt. increases duties to cut imports

LAHORE: Senate Standing Committee on Housing and Works led by its chairman Mir Kabeer Ahmad Muhammad Shahi on Friday visited 60 newly constructed apartments in Wafaqi Colony.
Talking to media men on the occasion, Senator Mir Kabeer Ahmad said the Senate standing committee on housing and works was thoroughly briefed by the ministry of housing and works regarding its projects in Lahore. He said that out of 60 apartments, 16 had been handed over. The cost of one flat was Rs 68,00,000, he said adding that it was ‘reasonable price’ in view of the project location.
He informed that the Senate standing committee also met Punjab Governor  Chaudhry Muhammad Sarwar on Thursday and discussed matters with him. He said the Governor assured to extend all possible support to retrieve Housing and Works land from Board of Revenue. Later, they also visited Wafaqi colony, federal lodges and reviewed the facilities being provided there. Senate standing committee members including Senator Mirza Muhammad Afridi and others were also present.

 

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