Prime Minister Imran Khan on Monday blazoned the slashing of petroleum products’ price by Rs10 per litre and electricity tariff by Rs5 per unit as part of a series of measures to bring some relief to the millions.
The relief was blazoned by the premier as he addressed the nation about the country’s profitable situation, the government’s performance over the last three-and-a-half times and the global challenges in the wake of the Russian irruption of Ukraine.
Relief measures Blazoned:
- Rs10 and Rs5 drop in petrol and electricity prices, independently
- No increase in petrol and electricity prices until the coming budget
- Duty impunity for companies and freelancers in IT sector; foreign exchange impunity
- Impunity from capital gain duty for IT startups
- Chops- grounded externships for graduates
- Ehsaas paycheck increased to Rs14, from Rs12,
- “I entered a summary from the Canvas and Gas Regulatory Authority (Ogra) and they recommended adding the prices of petrol and diesel by Rs10 due to the price hike in global requests,”he said.
” Moment I want to tell you guys this good news that, rather of adding it, we will drop (petrol prices) by Rs10.”
In the same way, he said that electricity was also being made from imported energy which had caused prices to soar. Lamenting the fact that once governments didn’t invest in erecting heads, he said the PTI government was constructing 10 heads which would save the country from global price oscillations.
“We’ve also decided to drop electricity prices by Rs5 per unit. This means that there will be a 20-50 per cent drop in your electricity bills.”
He said that there would be no increase in petrol and electricity prices until the coming budget.
Talking about the cash handouts given to the people under the Ehsaas programme, the premier said that it had increased from Rs12 to Rs14, In addition, graduates would be given chops- grounded externships and paid Rs30,, he added, without evolving further.
He reiterated that the IT sector, which included companies and freelancers, had been exempted from paying levies, adding that they would also not face any restrictions on foreign exchange. Further, IT startups would no longer have to pay the capital gain duty, he said.
Talking about diligence, the high minister said that anyone wishing to set up an assiduity in Pakistan or invest in the sector would not be” asked any questions”. He said that he’d advertise a complete package for this sector latterly.
Also, overseas Pakistanis who invest in diligence or carry out a common adventure will get a five-time duty vacation, he said.
Under the Kamyab Jawan programme, he said that the country’s youth and growers would be given interest-free loans while low-income citizens would be given subsidised loans to make homes.”Loans worth Rs407 billion will be expended two times.”
The high minister expressed satisfaction at the fact that banks had been converted to give loans to low-income citizens, noting that so far they had approved Rs150bn in loans.
Belting up his address, the premier said that he’d informed the principal ministers of the businesses that health insurance was a big blessing for low-income families.
“When illness strikes, they shouldn’t have the fear that they can not get treated at a sanitarium. Frequently times they go to government hospitals and there are no croakers and nursers.”
PM Imran said that every ménage in Punjab would have the Sehat card by the end of March, allowing them to mileage medical treatment of over to Rs1 million at any sanitarium.”A health system is being created in Pakistan. Small hospitals are being constructed in the townlets.”
” Incipiently, I want to say to the nation that I know that these are delicate times. I know that there have been numerous difficulties one after the time during the last three-and-a-half times (.) but my government is always allowing about how to lessen the burden on you,” he said, ending his address by saying that the country and the frugality were headed in the right direction.
