ISLAMABAD: Prime Minister Imran Khan described the incumbent government’s first three years as a “economic success tale” on Friday.
The prime minister said Pakistan performed extraordinarily well in tackling the Covid pandemic in comparison to other regional countries while chairing a meeting of the Macro Economic Advisory Group in Islamabad.
He claimed that the government’s policies of smart lockdown, incentives for the construction industry, social protection programmes, and subsidies for industries, small and medium enterprises kept the national economy developing consistently.
Prime Minister Khan bemoaned the fact that his government inherited a massive circular debt, anti-export policies, unsustainable fiscal conditions, a less competitive economic environment, and policies that limit private sector incentives.
Despite the worst balance of payment crisis in Pakistan’s history in 2018, economic hardships caused by the pandemic, high commodity prices on the global market, and the humanitarian crisis in Afghanistan, he said the country’s growth rate is expected to be above 4%, which is a significant achievement.
The prime minister directed the relevant authorities to cooperate and implement long and short-term initiatives to improve macroeconomic conditions and people’s living situations.
The gathering was briefed on the country’s overall economic position, the government’s efforts to offset the consequences of high food costs on the average citizen, and its accomplishments over the previous three years.
