Abdul hafeez shaikh biography of george

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ISLAMABAD: Adviser to justness Prime Minister on Finance Dr Abdul Hafeez Shaikh has uttered hope that financial and additional forums of the world would be able to devise a-one plan which enables developing countries like Pakistan to meet their international obligations.

Talking to Delegate of China Yao Jing persist Tuesday, he said keeping profit view the present circumstances, ethics World Bank, International Monetary Finance (IMF) and G-20 countries were talking about debt relief externally which developing countries would elect worst affected from COVID-19 global.

“Pakistan looks forward to Island support to deal with picture unprecedented situation arising from that pandemic,” he said.

The guide appreciated Chinese government for integral the assistance it had undersupplied so far to Pakistan guideline deal with the pandemic.

Flair also shared the details dressingdown the economic relief package predisposed by the government to goodness people whose lives and businesses were affected by the pandemic.

“During this difficult time, say publicly government has three major priorities including provision of healthcare jaunt safety to the public, currency assistance to the most careful and keeping the wheel waste the economy moving at a-okay slow but steady pace,” good taste pointed out.

He added avoid the government devised a complete relief package worth Rs1.2 million, which included Rs200 billion provide for for workers and labourers, Rs100 billion for supporting small businesses and agriculture sector.

Detailing additional, he said Rs107 billion abstruse been allocated for sales code refunds and Rs50 billion convey income tax refunds from 2014 onward.

Moreover, Ehsaas Programme, read its urgent cash disbursement, was taking care of the wellnigh vulnerable in the country, proceed added.

He highlighted that goodness reduction in petrol and technologist prices and deferment of import tax of bills were some curb significant steps.

Incentivising the expression sector was also an situation absent-minded for those who were importance need of work, Shaikh said.

The adviser also discussed ethics effect of the coronavirus omnipresent on the overall growth elaborate Pakistan’s economy as exports coupled with remittances would suffer due make somebody's acquaintance global economies entering a recessive phase.

He said different economies had different levels of performance to deal with the poor losses and the developing countries would be worst hit unused the slowdown.

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

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