Govt’s economic package implemented across country


ISLAMABAD/PESHAWAR In an effort to provide relief to the already suffering people amid coronavirus outbreak, the economic package worth Rs1200 billion prepared by the incumbent government of Pakistan Tehreeke-Insaf (PTI) has been implemented across the country Wednesday. The main points of the package are as follows: Labour Class: The premier said that the government had decided to allocate Rs200 billion for the labour class, which had been hit hard in the difficult times. Tax Refund: To help the industrial sector and especially the export sector, it was decided to release tax refunds amounting to Rs100 billion, besides, deferring of the interest payment to bolster this sector, he added. SMEs and Industry: For the small and medium industry, and agriculture sector, another amount of Rs100 billion was set aside with deferred interest payment, the prime minister said, adding concessional loans would also being extended to the sectors. The government wanted to bring down the input costs for the farmers. Food and Petroleum: Other packages, he said, included additional amount of 50 billion for the Utility Stores, Rs280 billion for the wheat procurement, slashing of petrol and diesel prices by Rs15 per liter for which the government would have to bear the burden of Rs75 billion. Emergency Situation: An amount of Rs100 billion was allocated separately for the emergency situation, he added. NDMA, Construction and Medical: The prime minister said power consumers using 300 units and gas users with Rs2,000 monthly bills would be facilitated to deposit their bills through three monthly installments. A sum of Rs50 billion was also allocated for the medical staff. The National Disaster Management Authority would get Rs25 billion for purchase and procuring of kits, he announced. Vulnerable Families: Imran Khan said for the vulnerable families who were bearing the brunt of the difficult time, it was decided to allocate an amount of Rs150 billion for a period of four months. He said they were also expanding the network of Panagah (shelter houses) where the precautionary measures had been strictly practiced. Meanwhile people from all walks of life here Wednesday lauded the Prime Minister ’s Relief Package worth Rs800 billion that would immensely help provide the muchneeded assistance to masses in the wake of Coronavirus cases in the country. They said the multiple sectoral mega relief package would help provide assistance to people of all walks of life including motorists, labourers, farmers, employees, agriculturists, electricity consumers, buyers and general public. Mohibullah Khan, Minister for Agriculture, Livestock and Dairy Devolopment has welcomed the PM package and termed it inclusive and wide-ranging. He said the agriculture package worth Rs100 billion along with promotion of small and medium industries would immensly help the farmers, agriculture growers and livestock sectors in the country. Former Information Officer, Misal Khan has highly welcomed the package and termed it a leap step forward to provide relief to people in the present Corona crises. He said Rs3000 per month package to poor families would help provide relief to laborers, daily wages and low income groups of the society. He said allocation of Rs200billion for labourers and Rs150 billion for provision of Rs3000 per month assistance to extremely poorer for four months was a positive step in the right direction.—INP

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