PM expresses satisfaction on improving national economy

ISLAMABAD: Prime Minister Imran Khan on Monday said that further strengthening the economic stability and providing facilitation to investors and business community is top priority of the government.

Chairing a meeting of the government’s economic team, the prime minister expressed satisfaction on the improvement in economic condition and restoration of confidence of the business community. He said the government is focused on provision of relief to the common man.

Speaking on promotion of minerals and mining sectors, the prime minister said the federal government will provide all out assistance to provinces in order to increase provincial capacity in oil, gas and mineral sector.

PM Imran Khan said a special cell is being set up at Ministry of Food Security for integrated planning to gauge demand and supply of essential items and future estimates.

The meeting was briefed on economic condition especially the promotion of foreign investment in the country, subsidies for large industrial units, implementation of government decision on duty free export of machinery for hospitals, increasing cooperation between federation and provinces in oil, gas and minerals sector and steps taken to rehabilitate Pakistan Steel Mills.

Special Assistant on Petroleum Nadeem Babar apprised the meeting that twelve new blocks will be put for auction by 15th of next month for exploration and production.

The meeting was also informed of the progress on TAPI gas pipeline and establishment of PARCO coastal refinery. The meeting expressed satisfaction on stocks and availability of sugar in the country.

Advisor on Finance Hafeez Shaikh informed the prime minister on the overall situation of the economic and improvement in economic indicators.