AUGAF
  • Home
  • Politics
  • Business
  • National
  • News
  • Finance
  • Technology
  • Sports
  • International
  • CommoditiesNew
  • Contact
No Result
View All Result
PSX
Currencies
  • Home
  • Politics
  • Business
  • National
  • News
  • Finance
  • Technology
  • Sports
  • International
  • CommoditiesNew
  • Contact
No Result
View All Result
AUGAF
No Result
View All Result
Home Business

Pakistan Unveiled Economic Revival Plan To Avert Default

admin-augaf by admin-augaf
June 20, 2023
in Business, Finance, News
Reading Time: 2 mins read
0
Pakistan Announced Budget of 14.460 Trillion Rupees With Deficit of 7.574 Trillion

Pakistan Announced Budget of 14.460 Trillion Rupees With Deficit of 7.574 Trillion

Share on FacebookShare on TwitterWhatsapp

Islamabad June 20 2023: During a high-level meeting, Government of Pakistan unveiled an elaborated ‘Economic Revival Plan’ in the wake of economic hardships being confronted by the country where investors would be given primacy and fast track approvals to tap potential of identified sectors.

The event was chaired by the Prime Minister of Pakistan and attended by the Chief of Army Staff, Chief Ministers, Federal and Provincial Ministers and high-level government officials.

The plan envisages capitalizing Pakistan’s untapped potential in key sectors of Defence Production, Agricultural / Livestock, Minerals / Mining, IT and Energy, through indigenous development as well as investments from friendly countries. To fast-track the development of projects, establishment of Special Investment Facilitation Council (SIFC) has been undertaken to act as a ‘Single Window’ interface for the potential investors as well as to adopt a unified approach.

The setup will shorten hithertofore cumbersome and lengthy business processes through a cooperative and collaborative ‘whole of the government approach’ with representation of all stakeholders. It is aimed at creating horizontal-vertical synergy between federation and provinces; facilitating timely decision making; avoiding duplication of effort; and ensuring swift project implementation.

The high-ranking participation from Federal and Provincial Governments, clearly manifests the national resolve to turn around the economy despite all odds. The COAS, speaking at the occasion, assured Pakistan Army’s all out support to complement Government’s efforts for Economic Revival Plan, considered fundamental to socio-economic prosperity of Pakistanis and reclaiming Pakistan’s rightful stature among the comity of nations.

Prime Minister recalled that his government inherited an economy which was on brink of collapse. With bold and difficult decisions, it is now being steered towards growth and development. There are, however, massive challenges ahead.

Export oriented FDIs hold the key to economic revival

The government has, therefore decided to adopt a holistic / whole-of-government approach which fosters partnerships within the federal and provincial governments for effective implementation and execution. The investors would be given primacy and fast track approvals, through a well-coordinated approach, he added.

Prime Minister observed that the expected investments would create jobs and livelihoods for the youth and women. The focus should be on empowering young and females to realise their full potential, he advised. Let us resolve to work together, leave no stone unturned and be singleminded in our focus and direction, PM extorted. We can transform the destiny of Pakistan and its people. It would, however, not happen without hard work and staying the course on the path of progress and development. Pakistan and Pakistanis deserve nothing less from those who have been bestowed the responsibility to administer the country by Almighty Allah and the people of Pakistan.


Related Posts

Pakistan Central Working Body Approves Development Projects Worth 227 Billion Rupees Despite Lack of Funds

Pakistan Released 609 Billion Rupees of Development Funds in 10 Months of Fiscal Year 2023

Pakistan Spend Less Than PKR 100 Billion on Development This Fiscal Year

PSDP target set at Rs 700 billion for the next financial year


Tags: Economic PlanPSDP
admin-augaf

admin-augaf

Related Posts

Fall In Tomatoes And Potatoes Prices Eased Pakistan Household Inflation
Business

Pakistan Household Inflation Increases Nearly 1% in a Week Due to Chicken and Petrol Prices

September 22, 2023
Sour Crude Prices Weaken in Asia Despite OPEC+ Cuts
Business

Oil Prices Rise as Russia Fuel Export Ban Stokes Supply Concerns

September 22, 2023
EU
Business

EU Countries Agree Proposal on New Euro 7 Car Emissions Regulation

September 22, 2023

Recent News

Caribbean, USA venues confirmed as ICC Men’s T20 World Cup 2024 heads to the west

Caribbean, USA venues confirmed as ICC Men’s T20 World Cup 2024 heads to the west

September 22, 2023
Fall In Tomatoes And Potatoes Prices Eased Pakistan Household Inflation

Pakistan Household Inflation Increases Nearly 1% in a Week Due to Chicken and Petrol Prices

September 22, 2023
Sour Crude Prices Weaken in Asia Despite OPEC+ Cuts

Oil Prices Rise as Russia Fuel Export Ban Stokes Supply Concerns

September 22, 2023
EU

EU Countries Agree Proposal on New Euro 7 Car Emissions Regulation

September 22, 2023
NCCPL

NCCPL to Collect Capital Gain Tax on 3rd October For Month of August 2023

September 22, 2023

Popular News

  • NSS

    President Prohibit National Savings For Changing Rates on Existing Certificates Retrospectively

    0 shares
    Share 0 Tweet 0
  • Pakistan Rupee Appreciate against Dollar in Interbank as IMF Confirmed Board Review Date

    0 shares
    Share 0 Tweet 0
  • Pakistan Rupee Fall After 13 Days of Successive Gains against Dollar on Lower Remittances and Strengthening of US Dollar

    0 shares
    Share 0 Tweet 0
  • Pakistan Central Bank Issued Show Cause Notice to Eight Banks Over Currency Speculation

    0 shares
    Share 0 Tweet 0
  • Pakistan Rupee Fall for the Straight Second Day Against Dollar on Opening of LCs

    0 shares
    Share 0 Tweet 0

Categories

  • Budget
  • Business
  • Culture
  • Finance
  • International
  • National
  • News
  • Politics
  • PTI
  • Sports
  • Technology
AUGAF Logo

Follow us on social media:

Recent News

  • Caribbean, USA venues confirmed as ICC Men’s T20 World Cup 2024 heads to the west
  • Pakistan Household Inflation Increases Nearly 1% in a Week Due to Chicken and Petrol Prices
  • Oil Prices Rise as Russia Fuel Export Ban Stokes Supply Concerns

Category

  • Budget
  • Business
  • Culture
  • Finance
  • International
  • National
  • News
  • Politics
  • PTI
  • Sports
  • Technology

Recent News

Caribbean, USA venues confirmed as ICC Men’s T20 World Cup 2024 heads to the west

Caribbean, USA venues confirmed as ICC Men’s T20 World Cup 2024 heads to the west

September 22, 2023
Fall In Tomatoes And Potatoes Prices Eased Pakistan Household Inflation

Pakistan Household Inflation Increases Nearly 1% in a Week Due to Chicken and Petrol Prices

September 22, 2023
  • Home
  • Politics
  • News
  • Business
  • National
  • Finance
  • Technology
  • International

© 2021 AUGAF.

No Result
View All Result
  • Home
  • Politics
  • Business
  • National
  • News
  • Finance
  • Technology
  • Sports
  • International
  • Commodities
  • Contact

© 2021 AUGAF.