Saturday, May 31, 2025
No Result
View All Result
The AZB More Than Just News
  • HOME
  • Latest News
  • Business
  • PAKISTAN
  • SPORTS
  • WORLD
  • E-Paper
  • SCI-TECH
  • BANKING
  • ARTICLES
  • OPINION
  • MORE
    • MOBILE
    • TELECOM
    • PERSONALITY
    • HEALTH / EDUCATION
  • HOME
  • Latest News
  • Business
  • PAKISTAN
  • SPORTS
  • WORLD
  • E-Paper
  • SCI-TECH
  • BANKING
  • ARTICLES
  • OPINION
  • MORE
    • MOBILE
    • TELECOM
    • PERSONALITY
    • HEALTH / EDUCATION
No Result
View All Result
Daily The Azb
No Result
View All Result
Home Headline

Rapid economic growth will help overcome inflation, unemployment in country: PM

News Desk
May 30, 2021
Prime Minister Imran Khan
Share on FacebookShare on Twitter

ISLAMABAD – Prime Minister Imran Khan Sunday said the country’s projected growth rate at above 4 per cent would spur economic activities in the country, creating job opportunities as well as reducing inflation.  

Responding to public queries during a live TV programme ‘Aapka Wazir-e-Azam Aap kai Sath’, the prime minister said economic growth rate had baffled his political opponents who wanted the government to fail in meeting these economic challenges left behind by the successive governments.   

He exemplified that the leadership in Malaysia, South Korea and China uplifted their deteriorated economies. In Pakistan, the political governments after 1988 weakened the institutions to loot public money. First they (previous leaders) damaged the country by committing corruption and now hurting it to protect the looted money, he added.

He said had the opposition been sincere with the country, they should be happy over economic turnaround achieved by the incumbent government.

He said after 2016, the country had the lowest debt burden as now the government was returning the foreign debt. He said the government inherited 18.2% current account deficit and for the first time, it went surplus. Calling it a quality growth, the prime minister hoped the economic growth will touch 4.5% in last quarter.

Explaining further as how the government achieved 4% GDP growth, Minister for Energy Hammad Azhar said the National Accounts Committee worked as per UN standardized systems and fed by 26 government agencies.

He said the GDP growth was backed by 9% growth in industrial sector, record cement, fertilizer, automobile, bikes and urea sale, 8.5% growth in housing sector and bumper crops of wheat, sugarcane and others. He was confident to say that the growth would touch 4.3 or 4.4% till last quarter.

Asked how the government would bring down the inflation, the prime minister said it was the one thing which made him sleepless as the price hike of ghee, sugar and flour put extra burden on the poor people.

He assured the nation that the government was trying to enhance agricultural produce to reduce eatables prices. The farmers were being given Kisan Card to provide fertilizers and other inputs on subsidized rates and support 65% of country’s farmers owning less than five acres of land.

Moreover, the workers would also be trained to guide the farmers about the new agricultural techniques to help them achieve enhanced production. Even, if we enhance wheat crop by 10%, the country will have surplus crop, he added.

The prime minister said the government’s initiative of farmer-to-market initiative would also help bring down the eatables’ prices.

News Desk

News Desk

Welcome to our web desk! We're a dedicated team of digital enthusiasts passionate about delivering timely and engaging content to our online audience.

Related Posts

Rising Threat of Kidney Cancer: The Importance of Early Detection  and Advanced Treatment
Headline

JPMC Becomes First Public Hospital in Pakistan to Provide Instant Cancer Diagnosis

May 30, 2025
UK Ban on Disposable Vapes Takes Effect from June 1
Headline

UK Ban on Disposable Vapes Takes Effect from June 1

May 30, 2025
KP Student Bodies Unite Against Proposed Mines and Minerals Bill 2025
Headline

KP Student Bodies Unite Against Proposed Mines and Minerals Bill 2025

May 30, 2025
CM Murad Ali Shah Opens Free Cardiac Hospital in Baldia Town
Headline

CM Murad Ali Shah Opens Free Cardiac Hospital in Baldia Town

May 30, 2025
Arshad Nadeem, Muhammad Yasir Advance to Javelin Final at Asian Athletics Championships
Headline

Arshad Nadeem, Muhammad Yasir Advance to Javelin Final at Asian Athletics Championships

May 30, 2025
Pakistan Becomes Founding Member of China’s New Global Mediation Body, IOMed
Headline

Pakistan Becomes Founding Member of China’s New Global Mediation Body, IOMed

May 30, 2025
Noor Zaman Qualifies for British Open Main Draw After Victory Over El Torkey
Headline

Noor Zaman Qualifies for British Open Main Draw After Victory Over El Torkey

May 30, 2025
Sindh Witnesses Over 50% Decline in Migratory Birds Due to Climate Change
Headline

Sindh Witnesses Over 50% Decline in Migratory Birds Due to Climate Change

May 30, 2025
Pakistan, India Near Border Troop Drawdown After Recent Conflict: Gen Mirza
Headline

Pakistan, India Near Border Troop Drawdown After Recent Conflict: Gen Mirza

May 30, 2025
Bilal Bin Saqib Appointed Special Assistant to PM on Blockchain and Cryptocurrency
Business

Pakistan Crypto Council to Convene on June 2 to Discuss Digital Asset Regulations

May 30, 2025
Next Post
FM in IRAQ

FM reaffirms resolve to further deepen cooperation with Iraq

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *


Most Popular

Another leak: TikToker Somal Mohsin’s private videos go viral

Aga Khan University Celebrates Student Innovation at Concluding Ceremony of President’s Challenge for Climate Solutions

We will live with Covid19 for months. Let’s not deny it or panic: Dr. Faheem Younus

PHDEC’s Mango Bagging Initiative Boosts Export Opportunities in Jalalpur, Multan

Burhan Mirza IT Investor: His Role in Pakistan’s Tech Industry

Must Read

Saudi King Salman congratulates Imran Khan
PAKISTAN

Saudi King Salman congratulates Imran Khan

August 13, 2018
Binomo streamers
Headline

Binomo streamers showdown 2022 to start from 17TH June.

June 15, 2022
The Azb is a 24/7 online news platform that covers a wide range of topics including business, economics, technology, finance, travel, fashion, and lifestyle.

Quick Links

  • Home
  • About us
  • SCI-TECH
  • Live TV
  • Banking

Useful Links

  • Videos
  • Reviews
  • Advertorial
  • Photos
  • About us
  • Author
  • Home
  • Latest News
  • Partner
  • Privacy Policy
  • Russian Theatre Group Celebrates Fifth Anniversary in Pakistan.
  • Terms and Conditions
  • The Azb – More Than Just News
  • Contact

© Copyright 2024 theazb. All Rights Reserved.

No Result
View All Result
  • HOME
  • Latest News
  • Business
  • PAKISTAN
  • SPORTS
  • WORLD
  • E-Paper
  • SCI-TECH
  • BANKING
  • ARTICLES
  • OPINION
  • MORE
    • MOBILE
    • TELECOM
    • PERSONALITY
    • HEALTH / EDUCATION

© Copyright 2024 theazb. All Rights Reserved.