CM Sindh thanks PM Imran for convening NEC meeting

Aizbah KhanWeb Editor

10th Jun, 2020. 06:30 pm
'JIT reports release due to political pressure'

Sindh Chief Minister Murad Ali Shah has said that he is grateful to Prime Minister Imran Khan for convening the meeting of the National Economic Council.

According to details, Sindh Chief Minister Murad Ali Shah during a news conference in Karachi said that some people were not giving proper guidance to Prime Minister Imran Khan.

Murad Ali Shah said that the meeting of the National Economic Council (NEC) had been taking place for so long. CM Sindh said that he thanked Prime Minister Imran Khan for convening the meeting of National Economic Council.

Chief Minister Sindh said that there should have been 2 meetings on NFC in a year, only 2 meetings of NFC were held in 2 years.

Also read: Sindh insists to frame national-level policy on coronavirus: Bilawal Bhutto

On the other hand, a meeting of the National Economic Council is underway under the chairmanship of Prime Minister Imran Khan. The development budget for the next financial year will be presented for approval in the meeting.

The budget proposals from the provinces will be considered in the meeting of the National Economic Council and the development budget for the next financial year will be presented for approval while the target of economic growth for the new financial year will be set.

The meeting will review the economic situation and development expenditure for the current financial year.

According to sources, a target of 2.3 per cent of GDP has been proposed for the next financial year, while 59 per cent is likely to be proposed for infrastructure in PSDP and 6 per cent funds will be utilized in social sector 35 and other sectors.

Sources said that the country’s economy had suffered a loss of Rs 2,500 billion this year due to the Corona epidemic. The volume of the country’s economy has shrunk from 440 trillion to 415 trillion. 0.4.

The target for the next financial year is 2.9 per cent for agriculture, 2.2 per cent for large crops, 1.3 per cent for cotton, 3.5 per cent for livestock and 0.1 per cent for industry. The percentage will be set and the growth target in the manufacturing sector has been set at minus 0.7%.

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