Abb Takk News

Tycoons Meeting with COAS was ‘Beneficial’: Hammad Azhar

ISLAMABAD: Federal Minister for Economic Affairs Hammad Azhar on Sunday said the meeting between business tycoons and Army Chief General Qamar Javed Bajwa was “beneficial”.

Addressing a press conference alongside the Punjab Minister for Industries and Trade Mian Aslam Iqbal, Hammad Azhar said that the government made tough decisions for the national economy which also improved the value of Pakistani rupee.

He said the value of the national currency, rupee, has improved after the immediate steps taken by the federal government.

“The government is not in favour of producing fake improvements in the national economy and its results are being witnessed day by day. During this period, the government has returned around $10.5 billion loans and the economy will further stabilise in the coming days.”

The minister complained that the previous government led by Pakistan Muslim League Nawaz (PML-N) looted the national exchequer and foreign exchange reserves were halved during its tenure.

He vowed that the “government will not take any step which would endanger the national economy.” Azhar clarified that all institutions of the country are on the same page whether the people will accept the fact or not.

Responding to the questions raised over the increase in power tariff, Azhar admitted that the hike was made but electricity theft of the estimated amount of Rs82 billion was also stopped. He said that more than 70 per cent of the country’s population is associated with agriculture.

While pointing towards the prominent businesspersons meeting with the COAS Bajwa, Azhar said that the people should question the industrialists regarding the result of the meeting.

“All of the business personalities have admitted the fact that the present government took difficult decisions to revive the economy,” he added.

Answering to a question about Maulana Fazlur Rehman’s ‘Azadi March’, Azhar said that the government will not allow the seminaries’ students to be used for political tactics.

Azhar announced that the federal authorities are ready to launch Sehat Insaf health cards from Lahore, the provincial capital of Punjab as per the promise of Prime Minister Imran Khan.

“The health cards will allow around 40 million Punjab citizens, approximately eight million families, to get medical facilities at private hospitals up to Rs720,000,” he said.

On the occasion, Mian Aslam Iqbal said that the provincial government will follow the instructions of the Prime Minister Imran Khan given for the Ehsaas programme.

Iqbal detailed that the government has returned $10 billion loans with one year besides reducing current deficit up to $6.5 billion, as well as decreased Rs45 billion expenses during austerity drive.

The provincial minister insisted that the government is bringing reforms to benefit the common man. He vowed that the “Punjab government will continue efforts to improve the health sector in the coming days.”