Business Editor's Picks Pakistan

Federal Cabinet expresses satisfaction over economic growth

Federal Cabinet has expressed satisfaction on positive economic trajectory of the country.

Briefing newsmen in Islamabad this afternoon on cabinet meeting, Special Assistant to Prime Minister on Information and Broadcasting Dr. Firdous Ashiq Awan said the Prime Minister gave a roadmap to various departments and ministries of their targets for the next three months. He gave directions to all ministries to take maximum efforts to complete public sector development programs of their ministry in next three months.

The Prime Minister further directed to work on job creation and parallel empowerment strategies for youth of the country. The Prime Minister said he will himself monitor the progress so that decisions are made on time and red tapism is avoided. The Prime Minister will have a meeting with all federal secretaries after the cabinet meeting.

The Prime Minister apprised the cabinet of political situation and said all indicators of the economy are on positive trajectory despite protests by the opposition parties.

Special Assistant said reform agenda of the incumbent government is being resisted by status quo people who do not want change in the system. The Prime Minister reassured the cabinet that government will not back away from reforms agenda as it is agenda for the development and progress of Pakistan. The government wants to transform challenges into opportunities. Minister for Economic Affairs Hammad Azhar told the cabinet that economic indicators have witnessed improvements and economy is moving in right direction. Foreign investment has increased in the country and stock market is stabilizing. Ease of doing business ranking has also witnessed significant improvements.

The cabinet approved the waiver of passport and fee requirement for pilgrims of Kartarpur Corridor. She said the visa on arrival facility will be given to Sikh pilgrims, doing away the other requirements. Advisor to Prime Minister on Institutional Reforms Dr. Ishrat Hussain apprised the cabinet on new local government system.

The cabinet also accorded approval to appointment of DG Rangers Punjab.

Earlier, meeting of the Federal Cabinet was held in Islamabad with Prime Minister Imran Khan in the chair.

It discussed overall economic and political situation of the country with particular reference to the protest march of JUI (F).

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