PM Imran Khan reveals positive development about Pakistani Rupee in coming days
ISLAMABAD - Prime Minister Imran Khan has said national economy is gradually picking up and stabilizing as a result of the government's initiatives.
He was addressing signing ceremony of Service Level Agreement between Punjab Lang Record Authority and major private commercial banks for rapid agri loans, in Lahore today.
The Prime Minister said the government had to pay ten billion dollars in debt repayment in its first year, which brought rupee under pressure. He said now rupee is gaining and business confidence is improving. He said stock market is also showing positive signs.
He said the government's economic initiatives are aimed at uplifting the downtrodden and reducing disparity between the rich and the poor.
Appreciating the scheme of loan provision to small farmers, Imran Khan said 95 percent farmers are in dire need of credit, and this initiative will bring a revolution to their life.
He said the agreement will benefit the farmers and the agriculture sector, which will improve the overall economy of the country.
The Prime Minister said the government is spending about 200 billion rupees for welfare of the poor under Ehsas Programme.
He said different schemes and initiatives are also being introduced under the umbrella of Ehsas Programme, including interest free loan to the youth and financial assistant to the needy.
He said an accurate database is being prepared so that no deserving is left unattended.
Addressing the ceremony, Governor State Bank Raza Baqir said economic situation has stabilized owing to hard work of a lot of people under the vision of the Prime Minister.
He said today, exchange rate is not volatile and foreign exchange reserves are increasing. International financial institutions are appreciating the steps taken by the Pakistan government.
The Governor State Bank said stability is a step toward growth. He said economic growth will generate employment opportunities, which will lead to prosperity in the country.
He said the State Bank is working to reduce Income disparity in the country through regularization and cooperation with banks. He said low income people will be provided loans.