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PM Imran Khan announces package of Rs1.25 trillion to fight Coronavirus


Atta Ur Rehman KhanWeb Editor & Columnist

05th May, 2020. 05:35 pm
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PM

Prime Minister Imran Khan chaired a meeting of the federal cabinet today to discuss easing the lockdown in the country.

The cabinet discussed the economic challenges faced by the country due to the pandemic along with the relief package given under the Ehsaas Programme and power concession to small businesses.

The cabinet also briefed about the production of face masks, sanitizers and protective equipment.

Cabinet has ordered inclusion of 61 food and non-food items for mandatory certification list and temporarily suspend the varnish coating of existing banknotes for a couple of months due to coronavirus.

PM Imran Khan said that the government was trying its best to deliver all possible relief to the people in view of the coronavirus condition, the government has also announced Rs1.25 trillion as an economic package.

Earlier  Federal Cabinet has ratified decisions taken by the Economic Coordination Committee, including approval of a relief package of worth 75 billion rupees to provide financial assistance to labourers and daily wagers, who lost their jobs due to coronavirus pandemic.

The cabinet approved package worth Rs 75 billion rupees to resolve issues of working capital of those small businesses massively affected due to lockdown. As part of the initiative, the government will bear electricity expenses of small businesses across Pakistan for three months.

The initiative also aims to provide relief to laborers and daily wagers, who got unemployed due to coronavirus pandemic.

Similarly, small businesses having a commercial connection of less than five kilowatt and industrial consumers less than 70 kilowatts can benefit from the initiative, under which the government will pay electricity bills for the months of May, June and, July.

The sums deposited in their bills will stay valid for utilization up to six months.

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