-Directs removal of systematic hurdles in energy sector
By Shakeel Ahmed
ISLAMABAD: Prime Minister Imran Khan Thursday hoped that the country would overcome the coronavirus outbreak using the available resources as the current trajectory of the growth in Pakistan was relatively slower than that of the western countries.
“By the grace of Allah, Pakistan does not have the trajectory like other countries. We will overcome the coronavirus considering the current pace of its growth,” the prime minister said addressing a ceremony of distribution of Rs 100 billion refunds among the businessmen. The ceremony was also attended by Finance Advisor Abdul Hafeez Shaikh, Commerce Advisor Abdul Razzak Dawood, Special Assistant to PM on Information and Broadcasting Dr Firdous Ashiq Awan and the businessmen.
The prime minister said during the lockdown which had been extended for two weeks, the people must avoid gatherings like weddings, cinemas and sports though the educational institutes had already been closed.
However, he said amid the efforts of containing the Covid-19 disease, the government would have to create a balance allowing the industries which were essential to provide employment to the poor people. The prime minister congratulated the finance ministry and Federal Board of Revenue for formulating a package to support the business community and daily wagers who had been affected by the closures.
He said the government could reach the formal labor but in Pakistan, majority was the informal labour; however it was struggling to reach them out through Ehsaas Program to provide them cash assistance of Rs 12,000.
He said the country could not move ahead unless the business sector flourished as it used to be in 70s when the sector was greatly incentivized. He said the previous governments avoided the payment of tax refunds to the businessmen but the incumbent government kept it on priority. The prime minister said he had assigned the commerce and industries ministries to contact the chambers to discuss the anti-coronavirus strategies.
“In America, they have to maintain a balance between coronavirus and economy. But we have to do it between coronavirus and hunger,” the prime minister said as Pakistan was among the countries having a huge number of people living below poverty line.
He said the country’s top leadership was evaluating the situation on daily basis and devising strategies accordingly. He announced to launch a mega package to boost the construction industry which would also create employment opportunities for the daily wagers.
He said the government would open up the construction industry as it did not involve any gathering; however, the government would specify the parameters of working, particularly at the site of mega projects to ensure the observance of social distancing.
In his address, Abdul Hafeez Shaikh said the emergency cash program announced by the government would benefit around millions of the poor people.
He said the government had allocated Rs 200 billion for the people whose earning had been affected by the closure of industries or other workplaces, Rs 100 billion for employees and owners of small industries, and Rs 100 billion for refund to the businessmen particularly the exporters.
He said the pending bills of gas and electricity would be payable during next three months and the government would bear the impact.
Abdul Razzak Dawood said the Drawback of Local Taxes and Levies (DLTL) had been pending since long but the incumbent government had decided to pay it without any delay to support the business sector.
He said a package of Rs 200 billion would also be announced soon which was in final stage of preparation to uplift the business sector.
Later, the ceremony marked the distribution of cheques among the businessmen.
Moreover, Prime Minister Imran Khan Thursday directed the ministry concerned to accelerate reforms in the energy sector by removing the systemic hurdles and effectively utilizing the limited resources for ensuring relief to the common man. The problems in the energy sector were directly related to the people’s lives, which necessitated their accelerated solution, he observed.
