In conversation with PM: Hafeez paints rosy picture of economy

Oil prices likely to go down in Sep; PM directs to devise plan to pass on benefits of economic betterment to people






Prime Minister Imran Khan has directed his finance team to devise a comprehensive roadmap to give benefits of economic betterment to the poor people, while, advisor on finance has claimed that oil prices may go down in September and relief will be given to people.

The Prime Minister chaired a meeting of finance and economic team at Banigala on Saturday. The meeting was attended by Advisor on Finance Hafeez Sheikh, Advisor on Commerce Razak Dawood, Minister for Planning and Development Khusro Bakhtiar and other members of the economic team.

The meeting discussed the improvement in some economic indicators. During the meeting PM was told that in coming months rupee will be strengthened while development projects will get funds as well.

PM directed that focus should be poor people and economic benefits should be delivered to them first so their life standard could be better.

After the meeting, Advisor on Finance told media that economic team will meet regularly with PM now to brief him the real situation of economy because if economic indicators will be good the speed of development will be better. “We will also facilitate the business man community and steps are in pipe line in this regard,” the Advisor said.

He was of the view that due to government steps stock market was now going towards stabilization, rupee will be strong now, current account deficit just was 600 million dollar now that was touching 1.3 billion dollar six months ago. Trade deficit also decreased while exports increased and imports went down.

We have decided to meet every week now to prepare the road map of economic betterment and it’s fruits will be shared with masses especially with poor people. For poor we have allocated Rs260b for subsidy while Rs192b will be disbursed through Ehsas and other programmes.

The meeting also decided to speed up the work on China Pakistan Economic Corridor. While the PM directed  strict monitoring of development projects so they could complete in time and without increase in cost.

Advisor on finance Hafeez Sheikh also gave good news to people and said that in September oil prices may go down and relief will be given to the people because we knew that people were facing problems due to inflation and high prices of petroleum products