Chair of the meeting to review the future economic prospects after the pandemic, the prime minister directs maximum assistance to citizens
Prime Minister Imran Khan on Friday stressed the need to develop out-of-box solutions to overcome economic challenges arising from restrictions on the movement imposed to curb the spread of the new corona virus.
Chairing a meeting in Islamabad to review the current economic situation, as well as its future prospects amid a pandemic, the prime minister said greater attention should be directed to supporting small and medium-sized businesses, as well as the agricultural sector, to ensure maximum employment opportunities for the poor.
Appreciating the Ministry of Finance’s efforts to ensure financial discipline and assistance during the COVID-19 situation, he said the process of reforming public sector organizations must be accelerated to block economic leakage.
During the meeting, the Ministry of Finance gave detailed directions on the overall situation, as well as the performance of various macroeconomic indicators during the last nine months of the current financial year. He was also informed of the economic impact of the pandemic and the progress and impact of the Economic Stimulus Package announced by the government to provide assistance to vulnerable segments of society.
The prime minister appreciates the ministry of finance’s efforts to ensure financial discipline and assistance during the COVID-19 situation.
He said the subsidy provisions should also be reviewed to make interventions more effective and target-oriented. He stressed that priorities and targets for the next public sector development program must be clearly defined with a focus on project completion rather than just initiation.
The prime minister also underlined the need for the maximum utilization of the public-private partnership model, including international development partners, to increase and expand the scope of the Public Sector Development Program.
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