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PTI govt’s economic policies brought stability in Pakistan: PM

Salima Bhutto by Salima Bhutto
December 3, 2019
Reading Time: 3 mins read
ISLAMABAD: Prime Minister Imran Khan on Monday has claimed that the present government’s policies have resulted in economic stability and increased the business community’s confidence despite the difficult economic situation.
He also stressed upon extending of further facilitation to the business community, especially to the small and medium entrepreneurs, so that they were encouraged and did not face any financial issues.
“There is a need to give more facilities to the business community, especially to the small and medium entrepreneurs, so that they are encouraged and do not face any financial issues.

READ MORE: PM Imran Khan to chair CCI meeting on December 11

“There is also a need for out-of-the-box thinking for economic progress. The government’s full attention is on provision of relief to the common man,” the premier said on Monday.
He was chairing a meeting of his government’s economic team comprising his key cabinet members and advisers as well as the State Bank of Pakistan (SBP) governor, the Board of Investment (BOI) chairman and the attorney general for Pakistan (AGP).
The meeting took stock of the country’s economic situation, progress on the pending cases filed against tax evaders by the Federal Board of Revenue (FBR),
The process of tax refunds to the exporters, progress on Turkmenistan-Afghanistan-Pakistan-India (Tapi) gas pipeline project, steps for generating non-tax revenue, and regular steps to review progress on different development projects.
Addressing the meeting, the prime minister said the economic stability and provision of job opportunities to young and skilled people are the highest priorities of the government.

READ ALSO: PM Imran Khan hails SC verdict on Gen Bajwa’s extension

He also underlined the need for out of the box thinking and making proposals in this regard.
The government’s full attention was focused on provision of relief to the common man, he added.
The prime minister further observed that the continuous progress on the development projects would, on one hand, accelerate the economic process while on the other, would also provide employment opportunities to the country’s youth.
He stressed upon giving special focus to further increasing the close coordination among all the relevant inter-provincial authorities and the departments in this regard.
He laid stress on further increasing close coordination among all the relevant inter-provincial authorities and the departments in this regard.
The meeting was informed that during the months from July to November this year, there was witnessed an increase in the volume of export and income in terms of dollars.
During the month of October, the imports witnessed a surge by six per cent as compared to the corresponding month in the previous year whereas the figure in the month of November was 9.6%.
The prime minister expressed his satisfaction over the situation.

READ MORE: PM Imran Khan to chair meeting of economic team

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The PM was also comprehensively briefed on refunds process to the exporters. He directed the FBR to further simplify the mechanism introduced for the payment of these refunds,
So that the small and medium exporters should not feel any difficulty in receiving the outstanding amounts.
Tags: economicMM groupmm newsMMTVPM Khanstability
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