ISLAMABAD – Prime Minister Imran Khan has approved the recommendations to revive the country’s economy and fight the poverty.
The prime minister on Sunday chaired a meeting of the Economic Advisory Council in Islamabad where he approved the policy recommendations for a Medium Term Structural Reform Framework of the Economy.
He also approved a social protection framework to ensure the vulnerable segments of the society are protected. The comprehensive social protection framework aims at overcoming the challenges of poverty, health, stunted growth, education and enabling the youth realise their potential and extricate themselves out of generational poverty traps.
The EAC also approved Rs5 billion funds for Prime Minister’s Naya Pakistan Housing Programme (NPHP). It also granted approval to utilize $40 million for poverty alleviation.
“Finalization of these policies is for laying the foundation of a sustainable, inclusive, job creating and export-oriented economic growth strategy as part of the Government’s 100 Days Plan,” read the press release.
Earlier, the meeting was apprised of policy recommendations for Mobilizing Finance for Development, Enhancing Exports & Strengthening SMEs, Tax Reforms, Job Creation Impact of Major Policy Actions and Social Protection Priorities in Pakistan, in the light of the deliberated proposals of the working groups of the EAC.
Minister for Finance Asad Umar, Minister for Planning Makhdoom Khusro Bakhtiar, Adviser to PM Dr. Ishrat Hussain, Syed Saleem Raza, Former Governor State Bank, Dr. Naved Hamid, Professor at Lahore School of Economics, and others attended the meeting.
