Our Correspondent Faisalabad
State Minister for Information & Broadcasting Farrukh Habib Sunday said all segments of society were satisfied with the federal budget and appreciating it except for the opposition.
Addressing a press conference at Circuit House here, he said the government had allocated a major chunk of budget for welfare and development purposes.
He said the government did not impose new taxes and all the fiscal measures were aimed at utilisation of existing resources and taxes.
He said corona also badly affected Pakistan’s economy, but with PM Imran Khan’s steadfastness, the country successfully overcome that critical situation, and now almost all economic indicators were positive.
The large scale manufacturing has posted an excellent profit while the agriculture sector also performed well and ‘we are hoping that the remaining sectors will also start yielding good results before the next financial budget and the government will be in a position to pass on maximum benefits to masses’.
He said the government is focusing on uplift of the poor segments of society and under the Ehsaas programme, multiple factors have been identified to provide them with maximum relief.
Now the government has introduced ‘Kamyab Pakistan’ programme and ultimate objective of the programme is to lift 4 to 6 million families from below the poverty line.
Through this programme, a large number of people would be involved directly in the economic activities and they would not only generate sustenance for themselves but also play their role in stability of the national economy.
Under this programme, Rs 500,000 loan would be provided on easy terms, he said adding that there was shortage of houses and the government would provide Rs 2 million for each individual to construct his own house.
Similarly, a massive amount had been allocated for the farming community so that they could enhance per acre yield. It will also help eliminate the rural poverty.
He said that the main focus of the government was on preservation of water resources, which was actually lifeline for any society in general and for the agriculture sector in particular.
Despite financial hurdles, every segment of the economy had been compensated in the budget, he added.