Islamabad
Addressing the Islamabad Chambers of Commerce, he said, “Everyone who is worried about where the sudden growth came from, let me tell you that two years ago someone asked me a question to which I replied that two years later Growth will come . Federal Minister for Planning Asad Omar has said that the Planning Commission has estimated the GDP growth rate for the next financial year to be 4.8% and I estimate that there is room for growth.
He said that the Annual Plan Coordination Committee which includes all the provinces has given its approval to the National Economic Council.
“The reason for the 3.94% growth in GDP and the 4.8% estimate for the next financial year is that we have been making decisions with balance,” Asad Omar said.
He said the decisions taken by Prime Minister Imran Khan during the Corona epidemic reflected what a mother thinks of her children.
He added that the Indian economy is the fastest growing economy in the world but it had never shrunk as much as last year and had reached minus 10 per cent last year but our 0.4 per cent was negative. He said that this was a policy, a thought which has been continuously implemented.
“In the last year of the PML-N government, the GDP growth rate was 5.4% and I have no doubt that the GDP growth rate will be higher before the end of the term,” he said. But the difference is that the growth was such that there was an external deficit of 20 20 billion.
Asad Umar said that those who had been saying for the last two and a half years that milk and honey were flowing under the PML-N government and where Pakistan’s economy was going, were saying yesterday that The PTI government made big wrong decisions. They should have gone to the IMF immediately. Why should they go to the IMF immediately when your economy was in the sky?
“Time slowly shows everything. We do not claim that every decision is right. There may be better decisions, but all decisions are made in good faith,” he added.
Asad Omar said that the report in which I have mentioned 3.94% growth also said that last year our growth rate was 0.47 negative but the IMF and the World Bank had estimated negative 1.5 to 2% so automatically But trust me as a country, if you walk the truth, you don’t have to be intimidated by what the outside world says.
“Traders are demanding that they be opened with strict standard operating procedures (SOPs), that 2 businesses be closed on one day instead of 2 days, and that working hours be reduced to 10 am instead of 8 am,” he said. All markets without SOPs are open 24 hours a day and there are no closing days.
Asad Omar said that vaccination work in Islamabad is going on faster than other parts of the country and 21% of the target population of the federal capital has been vaccinated but we have more capacity than that. Will get out of these restrictions.
“The goal of vaccination that we have achieved to get out of the grip of the epidemic is not a matter of years or months, it is a matter of a few weeks. We can administer 20,000 doses of vaccine daily in Islamabad,” he said.
“The sooner the vaccination is done, the more it will benefit the traders and the restrictions can be lifted,” he said. Will help you a lot.
