Saturday, July 13, 2024

PM relief package is an Rs.120 billions to reduce price

ISLAMABAD: (Web Desk) Prime Minister Imran Khan unveiled a “historical PM relief package” of Rs.120 billion on Wednesday, aimed at reducing inflation and providing comfort to the public.

In his address to the nation, the prime minister stated that, because the people are suffering from the country’s high inflation, the government is introducing a package for 20 million families, which will assist 130 million Pakistanis.

The provincial and federal governments will grant Pakistanis this [poverty alleviation] program valued Rs.120 billions of PM relief package of , he said. Citizens will be able to obtain a 30% discount on three fundamental dietary goods, including ghee, wheat, and pulses, for 6 months under the package, according to the prime Minister.

The PM Imran Khan stated that under the package, city inhabitants will be given interest-free loans of up to Rs.500,000 to start enterprises, while farmers will be given a loan of the same amount. The prime minister also stated that the government has requested the supply chain to raise worker wages, and that a healthcare program will be implemented in Punjab beginning in December.

Four million families will be able to build residences without paying interest under the package, according to the PM, who also announced that Rs.1,400 billion has been set aside for the Kamyab Pakistan Scheme (KPP) 2021, which aims to provide prospects to the qualified and uplift 3.7 million residents across the country.

The Prime Minister Imran Khan praised China and Saudi Arabia for their financial assistance, saying that if Pakistan had defaulted on the IMF, the rupee would have fallen even more and prices would have risen. The prime minister also addressed the global coronavirus crisis, saying that, unlike other nations, the Pakistani government took strategic choices on the implementation of a lockdown, which prevented industries from shutting down and allowed agricultural activities to continue as usual.