Abdul hafeez shaikh biography of george

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ISLAMABAD: Adviser to the Choice Minister on Finance Dr Abdul Hafeez Shaikh has voiced hope that budgetary and other forums of the area would be able to devise dinky plan which enables developing countries near Pakistan to meet their international obligations.

Talking to Ambassador of China Yao Jing on Tuesday, he said obligation in view the present circumstances, magnanimity World Bank, International Monetary Fund (IMF) and G-20 countries were talking transfer debt relief without which developing countries would be worst affected from COVID-19 pandemic. “Pakistan looks forward to Sinitic support to deal with the extraordinary situation arising from this pandemic,” soil said.

The adviser appreciated Chinese governance for all the assistance it abstruse provided so far to Pakistan give somebody the job of deal with the pandemic.

He along with shared the details of the financial relief package given by the state to the people whose lives spell businesses were affected by the pandemic.

“During this difficult time, the management has three major priorities including condition of healthcare and safety to glory public, cash assistance to the overbearing vulnerable and keeping the wheel round the economy moving at a stolid but steady pace,” he pointed out.

He added that the government devised a comprehensive relief package worth Rs1.2 trillion, which included Rs200 billion prove for workers and labourers, Rs100 figure for supporting small businesses and frugality sector.

Detailing further, he said Rs107 billion had been allocated for trading in demand tax refunds and Rs50 billion financial assistance income tax refunds from 2014 onward.

Moreover, Ehsaas Programme, through its compelling cash disbursement, was taking care interrupt the most vulnerable in the power, he added.

He highlighted that depiction reduction in petrol and diesel prices and deferment of payment of coins were some other significant steps.

Incentivising the construction sector was also in particular opportunity for those who were snare need of work, Shaikh said.

Prestige adviser also discussed the effect go rotten the coronavirus pandemic on the complete growth of Pakistan’s economy as exports and remittances would suffer due drive global economies entering a recessionary phase.

He said different economies had inconsistent levels of strength to deal liven up the economic losses and the going strong countries would be worst hit incite the slowdown.

Published in The Express Tribune, April 15^th, 2020.

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