Connect with us


After 100 days of rule, Pakistani Prime Minister Sharif pledges to cut deficit fat for economic recovery | Pakistan News

After 100 days of rule, Pakistani Prime Minister Sharif pledges to cut deficit fat for economic recovery |  Pakistan News
After 100 days of rule, Pakistani Prime Minister Sharif pledges to cut deficit fat for economic recovery |  Pakistan News


After 100 days of rule, Prime Minister Shehbaz Sharif on Saturday announced the removal of all loss-making institutions, ministries and departments in order to save taxpayers' rupee and put the cash-strapped country back on the path to economic prosperity .

We established a five-year plan and decided to close the ministries that have been draining the economy for years. The money saved will be used to repay our debts, Sharif said in a televised address to the nation, the first since he came to power after the controversial February 8 elections.

Sharif was sworn in on March 4 after forming a coalition with five other parties and foiling the chances of jailed former Prime Minister Imran Khan to stage a political comeback.

He also said it was his duty to eliminate these corrupt entities and said a committee had been set up for the purpose.

Stating that the government will save on expenses as much as possible and will not create more industries or participate in their management, Sharif said: “Instead, we will work with the private sector. He warned that the road ahead is not only long and difficult, but also requires sacrifices from government personnel and the working class, but his government is determined to bring about change. After his government was sworn in, Sharif claimed, inflation fell to 12 percent from 38 percent and interest rates on loans were reduced to 20.5 percent from 22 percent previously.

In a few months it will bear fruit and I will present the results to you. This step alone will save millions of rupees. God willing, within a month and a half there will be positive results to share with all of you, Sharif said.

The Prime Minister also recalled his recent trip to China, where deals worth millions of dollars were reached, and the United Arab Emirates, where millions of dollars were pledged. He listed the government's achievements in a little over three months, including 100 per cent digitalization of the Federal Board of Revenue (FBR) to improve its efficiency.

Earlier in the day, the government reduced electricity and gasoline prices. He said power prices of industries have been reduced by more than Rs 10 per unit, with a total cumulative impact of Rs 200 billion on industries to make industrial production competitive in the international market.

Sharif also expressed hope that Pakistan's current engagement with the International Monetary Fund would be the last and said: Inshallah, we will stand tall and surpass our neighboring countries in terms of economic activity. In his speech, Sharif also discussed the issue of Kashmir as well as the situation in Gaza.




The mention sources can contact us to remove/changing this article

What Are The Main Benefits Of Comparing Car Insurance Quotes Online

LOS ANGELES, CA / ACCESSWIRE / June 24, 2020, / Compare-autoinsurance.Org has launched a new blog post that presents the main benefits of comparing multiple car insurance quotes. For more info and free online quotes, please visit https://compare-autoinsurance.Org/the-advantages-of-comparing-prices-with-car-insurance-quotes-online/ The modern society has numerous technological advantages. One important advantage is the speed at which information is sent and received. With the help of the internet, the shopping habits of many persons have drastically changed. The car insurance industry hasn't remained untouched by these changes. On the internet, drivers can compare insurance prices and find out which sellers have the best offers. View photos The advantages of comparing online car insurance quotes are the following: Online quotes can be obtained from anywhere and at any time. Unlike physical insurance agencies, websites don't have a specific schedule and they are available at any time. Drivers that have busy working schedules, can compare quotes from anywhere and at any time, even at midnight. Multiple choices. Almost all insurance providers, no matter if they are well-known brands or just local insurers, have an online presence. Online quotes will allow policyholders the chance to discover multiple insurance companies and check their prices. Drivers are no longer required to get quotes from just a few known insurance companies. Also, local and regional insurers can provide lower insurance rates for the same services. Accurate insurance estimates. Online quotes can only be accurate if the customers provide accurate and real info about their car models and driving history. Lying about past driving incidents can make the price estimates to be lower, but when dealing with an insurance company lying to them is useless. Usually, insurance companies will do research about a potential customer before granting him coverage. Online quotes can be sorted easily. Although drivers are recommended to not choose a policy just based on its price, drivers can easily sort quotes by insurance price. Using brokerage websites will allow drivers to get quotes from multiple insurers, thus making the comparison faster and easier. For additional info, money-saving tips, and free car insurance quotes, visit https://compare-autoinsurance.Org/ Compare-autoinsurance.Org is an online provider of life, home, health, and auto insurance quotes. This website is unique because it does not simply stick to one kind of insurance provider, but brings the clients the best deals from many different online insurance carriers. In this way, clients have access to offers from multiple carriers all in one place: this website. On this site, customers have access to quotes for insurance plans from various agencies, such as local or nationwide agencies, brand names insurance companies, etc. "Online quotes can easily help drivers obtain better car insurance deals. All they have to do is to complete an online form with accurate and real info, then compare prices", said Russell Rabichev, Marketing Director of Internet Marketing Company. CONTACT: Company Name: Internet Marketing CompanyPerson for contact Name: Gurgu CPhone Number: (818) 359-3898Email: [email protected]: https://compare-autoinsurance.Org/ SOURCE: Compare-autoinsurance.Org View source version on accesswire.Com:https://www.Accesswire.Com/595055/What-Are-The-Main-Benefits-Of-Comparing-Car-Insurance-Quotes-Online View photos


to request, modification Contact us at Here or [email protected]