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Prime Minister Imran says Pakistan moving on road to development

Syed Umarullah HussainiWeb Editor

05th Mar, 2020. 10:55 am
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Federal Cabinet

Prime Minister Imran Khan said Pakistan is moving on the road to development with accelerated development spending.

In a tweet, he said the rupee is stable, current account deficit down by 73 percent, exports growing and cement sales has risen.

According to the report, the percentage of development spending in July-February period of previous fiscal years remained 32% in 2014-15; 31% in 2015-16; 29% in 2016-17; 32% in 2017-18; and 23% in 2018-19.

The report also highlighted the government’s commitment and priorities of spending and financial assistance in various projects of national interest including the China Pakistan Economic Corridor.

The report mentioned that the spending of Rs 17.7 billion in the current fiscal year on Karachi-Peshawar Motorway; Rs 24.6 billion on Havelian-Thahkot section of Karakorum Highway Phase-2; starting of work on Rs 309.6 billion Mohmand Dam Hydro Power Project; Rs 3.7 billion on Jaglot-Skardu road; Rs 5.5 billion on the 2nd phase of National Programme for Improvement of Canal System; Rs 3.7 billion on 10 billion tree tsunami programme, and various other projects depicted the government’s seriousness to achieve socio-economic development in the country.

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