Govt to prioritize relief to public, economic uplift in upcoming budget: PM

  • Says budget to encompass steps for enhancing industrial growth, exports
  • Says nation, industrialists, businessmen working hard to improve economic situation

ISLAMABAD: Prime Minister Shehbaz Sharif said that the federal government will prioritize providing maximum relief to masses and economic uplift in the upcoming budget for fiscal year 2023-24.

While chairing a meeting held here on Tuesday to discuss the budget proposals for the industrial sector, the prime minister said the federal budget would also encompass measures to enhance industrial growth as well as exports.

Premier Shehbaz Sharif said that he would personally make sure that the proposals coming for the industrial sector were incorporated into the budget. He instructed the authorities concerned to remove all unnecessary impediments in the increase of small, medium and large-scale industrial production.

He informed the meeting that the previous government deliberately obstructed the investment and industrial development in the country. The former government violated the agreement with International Monetary Fund (IMF) to save its rule, making 220 million of Pakistan bear its brunt, he added.

The prime minister said being a resilient nation, Pakistanis were gradually coming out of the economic difficulties. He said the government, the whole nation, industrialists and the business community were working hard to improve the country’s economic situation.

He said throughout the previous year, the miscreants inflicted damage to the country through “long or short” marches and sit-ins. He also told the meeting that the incidents of May 9, did not only create violence but also inflicted huge economic loss to the country.

He said the government would help decrease industries’ production costs by supplying low-cost energy, besides arranging easy bank loans for the small industries.

Prime Minister Shehbaz directed his Advisor Ahad Cheema to finalise the proposals from the industrial sectors and ensure their incorporation into the budget.

The meeting was joined through a video link by prominent industrialists and investors from all sectors.

Besides, federal ministers Ishaq Dar, Syed Naveed Qamar, Ahsan Iqbal, Makhdoom Murtaza Mahmood, Engineer Khurram Dastgir, State Minister Dr Musaddiq Malik, Advisor Ahad Cheema, special assistants to PM Tariq Bajwa and Jahanzeb Khan, MNAs Qaiser Sheikh, State Bank governor, and FBR chairman and relevant senior officers attended the meeting.

The ministries of commerce and industrial production put forward the budget proposals received from different sectors.

Besides, the industrialists and investors presented their proposals for the budget.

The prime minister directed the authorities concerned to carry out detailed work on the proposals and present a report to him.



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