Islamabad, June 12, 2022 (PPI-OT):The announcement of several relief measures by the coalition government in the 2022-23 budget, despite severe financial constraints and external challenges, has drawn a positive feedback from experts and the masses alike.

Almost all major segments of the society have got their fair share of benefits in the new budget, including slashing of duties on solar panels to help the people generate their own power, withdrawing sales tax on tractors and seeds to boost agriculture, and expanding the reach of Benazir Income Support Programme (BISP) to Rs 364 billion.

All these measure have come at a time when, according to a recent World Bank report, the global economy is heading towards a recession, with prices of fuel and food hitting an all-time high, amidst the war in Ukraine, supply chain disruptions and recent Covid-related issues.

President of the Islamabad Chamber of Commerce and Industry Muhammad Shakeel Munir said the budget 2022-23 provided relief to the industrial sector.

To boost the industrial output, the government has announced provision of uninterrupted power supply to industries under which specific electricity feeders will be exempted from load-shedding. Hailing the decision, Rawalpindi Chamber of Commerce and Industry President Nadeem Rauf said the country’s industrial sector required more energy to enhance its growth. Experts believe that the measures announced in the budget will help put the ailing economy back on rails.

Talking to Radio Pakistan Karachi correspondent Muhammad Waqas, Member of the Board of Secondary and Intermediate Education Karachi and Chairman Private School Association Ghulam Abbas Baloch lauded the announcement for the scholarships to the youth under the Benazir Income Support Program and said that if these facilities were provided to the deserving students and youth will bring fruitful results.

Renowned industrialist Mirza Ikhtiar Baig said that the incumbent government presented a people-friendly budget and correct the last government mistake. He said that government brings structural reforms in this budget which will strengthen the country’s economy.

Regarding the increase in the Benazir Income Support Program budget an Expert Economist Ali Nasir said that this type of initiative initiated by the government must be appreciated because these types of programs will be useful to alleviate poverty from society.

For more information, contact:
Ministry of Information and Broadcasting
Government of Pakistan
4th Floor, Cabinet Block, Pak. Secretariat, Islamabad, Pakistan
Tel: +92-51-9103557
Email: info@moib.gov.pk
Website: http://www.moib.gov.pk