Govt to announce Economic Relief and Stimulus package today

The government of Pakistan will announce a special economic package today (Tuesday) in wake of the ongoing coronavirus pandemic that has crippled economic activities in the country and globally.

In a series of tweets, Federal Minister for Economic Affairs Hammad Azhar said, “The economic team is finalizing an economic relief and stimulus package that shall be announced tomorrow InshAllah.”

The federal minister added that PM office, members of the cabinet and government officers in multiple divisions have “worked tirelessly over the past days to work out proposals and take decisions.”

Azhar further added that one of the objectives of the upcoming package is to support businesses ad stimulate economic growth.

“The objectives of the Economic Relief and Stimulus package is to provide relief to vulnerable segments, to prevent job losses, encourage smooth supply of essential goods at reasonable prices, support businesses and stimulate the economy,” he said.

The objectives of the Economic Relief and Stimulus package is to provide relief to vulnerable segments, to prevent job losses, encourage smooth supply of essential goods at reasonable prices, support businesses and stimulate the economy.

— Hammad Azhar (@Hammad_Azhar) March 23, 2020

Earlier, it was learned that Rs3000 per month will be given to seven million daily wagers across the country. Whereas, an Rs200 billion relief package for exporters was also approved at a high-level meeting on Monday.