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Pakistan

Rs28-billion relief package announced by PM Shehbaz

  • Disbursement of Rs2,000 per family in addition to Benazir Income Support Programme to be given to low-income groups, will be accommodated in upcoming budget
  • Charter of Economy to be discussed with all stakeholders, says prime minister
Updated 27 May, 2022

Prime Minister Shehbaz Sharif announced a Rs28-billion relief package for low-income households, saying that a cash disbursement of Rs2,000 per family will be made, while a 'Charter of Economy' will be discussed with political parties.

In a short address to the nation on Friday, his first since assuming office after the ouster of Imran Khan through a vote of no-confidence last month, the prime minister said 14 million families will benefit from this measure, which would be made in addition to disbursement under the Benazir Income Support Programme (BISP).

“The nation wanted to get rid of the incompetent and corrupt previous government," said the prime minister as he began his address.

I also want to announce that we will map out a Charter of Economy. I call on all political parties for consultation on this charter so that no elected government can harm the country’s economy for political gains and ensure economic continuity and stability

"Therefore, all opposition parties paid heed to their call and made this change possible within the ambit of the Constitution.

"I have never witnessed such disaster in my entire political career spanning over three decades what the previous government unleashed upon this nation during its tenure.

"This was the sole reason we took up the challenge to take over the government under extremely difficult circumstances."

In an apparent reference to Imran Khan, the prime minister added that "this person is damaging the national cause for this own political agenda.

"The country will be run as per the law and not according to his wishes."

IMF to release $900m when govt removes fuel price caps

PM Shehbaz said that the previous government entered the International Monetary Fund (IMF) programme, and agreed to the conditions set forth by the lender. "We didn't agree to those terms. It was your (PTI) government.

"If we are facing an economic crisis today, it is solely because of your bad decisions."

The prime minister said that the government has increased prices of petroleum products, but will look after the low-income households.

"I am announcing a Rs28-billion relief package. We will give a disbursement of Rs2,000 per family, which would be in addition to the Benazir Income Support Programme. We will accommodate this in the upcoming budget.

"I also want to announce that we will map out a Charter of Economy. I call on all political parties for consultation on this charter so that no elected government can harm the country’s economy for political gains and ensure economic continuity and stability."

His address, which began after a lengthy delay of almost three hours, came after the government rather abruptly hiked the prices of all petroleum products by Rs30 per litre after the IMF emphasised the termination of energy subsidies to revive its bailout programme for Pakistan.

In a press conference on Thursday, Finance Minister Miftah Ismail explained that the decision was taken in order to ensure revival of the IMF programme.

Comments

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Malik May 28, 2022 12:31am
If you make things up once, you might as well keep making things up for the rest of your life.
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Razaqbut May 28, 2022 04:54am
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Asad May 28, 2022 04:56am
This is old drama bazi , once you come for people and you punish people. You are the sole reason of disaster , those who brings you people only save their ego ...you are just a tissue
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Tanweer Jun 01, 2022 11:30pm
What is rs2000 going to do for poor families? Give them food for 1 day? These clowns have no idea how the average person survives day to day. Only 1 month in government and they are already trying to starve the public. Power cuts, hyper inflation, petrol price increases and price rises of essential commodities. These greedy criminals should be removed from power ASAP. I hope the people who blamed and criticized Imran Khan for everything realise now that he was the only P. M in the last few decades who genuinely cared about the average man. These thieves we have now only care about filling thier own pockets and to hell with the public and the country.
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