Abb Takk News

PM Expresses Satisfaction Over Improving Economy of Country

ISLAMABAD: Prime Minister Imran Khan has expressed satisfaction over improving economic conditions of the country. 

The meeting of the federal cabinet was held with PM Khan in the chair in Islamabad on Tuesday.

The cabinet was informed that due to the government’s prudent economic policies, the foreign exchange reserves of State Bank of Pakistan had increased from $ 8.5 billion to $12.5 billion.

Under the Ehsaas programme, financial assistance was provided to some 15 million families in a transparent manner, while subsidy was given to the Utility Stores Corporation to ensure supply of daily use items at affordable prices.

The cabinet was given a briefing on the encroachments around the Margalla Road (lslamabad). It was told that during the past one and a half years, the Capital Development Authority had retrieved land worth Rs 450 billion.

Similarly, the encroachments on Srinagar Highway had also been removed and trees were planted on the retrieved land, while the Quaid-e-Azam University’s land under illegal occupation of mafia was also recovered.

The CDA chairman was directed to provide facilities at the slums and business opportunities to the poor people running kiosks on the civic body’s land, he added.