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Adviser hints at deceasing oil prices in view of reduction in global market

Adviser hints at deceasing oil prices

Adviser hints at deceasing oil prices in view of reduction in global market.

The Adviser on Commerce, Textile, Industry and Production Abdul Razak Dawood spoke on current challenges in live Program of  Radio Pakistan.

Adviser hints at deceasing oil prices

He said the government intends to pass on the benefit of reduced oil prices in international market to public.

Dawood said despite the huge challenge of debt, the Prime Minister Imran Khan preferred to provide relief to people who are suffering from lockdown restrictions.

He said PTI government has introduced the biggest stimulus package in the history of Pakistan.

The adviser noted the package would help the nation in this difficult time amid Coronavirus.

He said just one program not sufficient to help all segments of the society.

Therefore, the government is introducing multiple programs to assist all sectors.

The Adviser cited earmarking of 144 billion rupees under Ehsaas program an amount  to help poor and needy people.

Moreover, he said government is disbursing money in a transparent manner across the country.

He said to provide instant relief to small and medium enterprises the government will pay their three-month electricity bills.

He said under another program the unemployed laborers will be provided with cash benefits and for this purpose 75 billion rupees have been set aside.

The adviser said some other programs to support the informal workers of the country will be introduced in the next few days.

Meanwhile, Abdul Razak Dawood said we are focusing on revival of textile industry.

He said the textile demand has increased lately due to severe restrictions on such industries in different countries.

Digitization policy

He said under digitization policy of the government, to encourage the IT sector in the country, mobile phone prices will also be reduced.

The adviser said the government resorted to IMF just for a bailout package and we wish that it would be our last package with the Fund.

He said govt is also launching a program to assist the people who have lost their jobs.

Govt will provide funds directly to the employers to help them pay the salaries of their employees.

GTV

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