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Govt to pass on benefit of reduced oil prices in int’l market to public: Razak Dawood

Govt to pass on benefit of reduced oil prices in int’l market to public: Razak Dawood

KARACHI: Advisor on Commerce, Textile, Industry and Production Abdul Razak Dawood has said the government intends to pass on the benefit of reduced oil prices in international market to public.

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

The Advisor said PTI government has introduced the biggest stimulus package in the history of Pakistan to help the nation in this difficult time amid coronavirus. He said just one program is not sufficient to help all segments of the society, therefore the government is introducing multiple programs to assist all sectors.

The Advisor said under Ehsaas program an amount of Rs144 billion was earmarked to help poor and needy people which is being disbursed 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 Rs75 billion have been set aside. He said some other programs to support the informal workers of the country will be introduced in the next few days.

Abdul Razak Dawood said we are focusing on revival of textile industry as textile demand has increased lately due to severe restrictions on such industries in different countries.

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

The Advisor 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 a program is being launched to assist the people who have been laid off from their jobs under which funds will be provided directly to the employers to help them pay the salaries of their employees.