ISLAMABAD: As the caretaker government nears the conclusion of its lengthy tenure, its finance ministry portrays a bright picture of the country’s economy, which has been declining in recent years while standing on the verge of default, The News said on Friday.
In its monthly economic outlook released on Thursday, the ministry reiterated that it took difficult and unpopular actions, such as lowering gas and power subsidy bills through punctual implementation of quarterly rates, to help the government improve the primary account.
According to the report, no supplemental grants were awarded during this time period, and projects under the Public Sector Development Programme (PDSP) that come within the jurisdiction of the provincial government were transferred to the provincial Annual Development Programmes.
“At the same time, we have increased the release of funds for 9.3 million most vulnerable households,” according to the report.
In its report, the ministry said that the new government would help revitalize the economy and build on the hard-earned successes of the previous six months.
“As the new government takes office following the general election, expectations are that a dynamic strategy and vision will help revitalize the economy and build on the hard-earned accomplishments won in the previous six months. The steps implemented in recent months have restored market confidence and boosted economic activity, according to the ministry.
