Inflation decreasing due to government policies,PM

Federal cabinet also dissatisfied with Faizabad sit-in commission report,

Islamabad(Mudasser Chuhdary; Prime Minister Shehbaz Sharif says measures are being taken to pass on the benefits of reduction in inflation to the common man through governance. He was chairing the first meeting of the Economic Advisory Council in Islamabad today. The forum held detailed consultation on the country’s economic situation. Speaking on the occasion, the Prime Minister said we are working on the mission of providing facilities to the private sector from the first day for the economic development of the country, the provision of employment and the expansion of business and investment.

Inflation decreasing due to government policies,PM
He said due to government policies, the rate of inflation is decreasing in the country. The Prime Minister said the positive trend in the stock market reflects the confidence of the business community and investors in the government policies. He said we will provide more facilities to foreign investors and business community in the upcoming budget. The Prime Minister said we will reduce the tax rate on the common man while the number of taxpayers will increase. He further said steps are being taken on a priority basis for the digitization of the country’s economy. The Prime Minister said to increase the production farmers will be provided with quality seeds and fertilizers. Medium and small scale industries will be promoted to save the agricultural production from being wasted.

Prime Minister directed to resolve all obstacles immediately in obtaining visas for Pakistan for foreign investors and businessmen.

Meanwhile,
Shehbaz Sharif constituted on Tuesday a special cabinet committee to investigate the flaws in the Faizabad sit-in (Dharna) Commission report, expressing dissatisfaction over the report’s findings.
The decision was made during a federal cabinet meeting held in Islamabad, where the country’s economic and security situation was reviewed. The meeting was briefed on progress in talks with the IMF delegation and Islamabad High Court cases.

The Attorney General and Law Minister presented the key points of the report, which was criticized by the cabinet for not adhering to its Terms of Reference (TORs). PM stated that the report has “flaws” and does not meet the required standards. The cabinet committee will review the report and present its recommendations to address the shortcomings. The committee’s formation is seen as a move to ensure a more comprehensive investigation into the 2017 Faizabad sit-in. In addition, the cabinet approved a memorandum of understanding with the UK government for the extradition of three Pakistani suspects.

Prime Minister Shehbaz Sharif gave the nod to the recommendations of the inquiry committee – formed to investigate the wheat import scandal – to suspend four officials of the food security ministry on Tuesday, sources said. The officials were found responsible for the additional wheat imports and “charged with” poor planning and negligence. PM Shehbaz also approved taking action against the former federal secretary of the national food security minister Muhammad Asif.

Earlier this month, the premier ordered the suspension of the Pakistan Agricultural Storage & Services Corporation’s (PASSCO) managing director and general manager procurement for not following the instructions regarding the use of technology in the wheat procurement process and for being negligent in this regard. At a meeting regarding wheat stocks in Lahore on May 13, the premier directed officials to conduct a third-party audit of PASSCO’s stock. Last month, farmers across Punjab started protesting against what they call the government’s “plagued” wheat procurement policy.
Punjab contributes more than 75% of the total wheat harvest, according to media reports and this year the market crashed and growers are forced to sell the staple food crop much below the support price set by the government.

Inflation biggest problem in Pakistan;Rana Sana

They claim that the government procured wheat despite having surplus production in the country.
Kissan Ittehad Chairman Khalid Hussain Bath has warned that the farmers won’t grow wheat next year if the government does not buy the crop from them and provide any relief.
“The government will never be able to bear the loss,” he said in an interview with Dus with Imran Khan which was aired on May 5.

Inflation decreasing due to government policies,PM