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Results of Prudent Economic Policies. Fiscal restraint and reforms to stabilise the economy: Aurangzeb

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All sectors have significantly improved as a result of the government’s sensible economic measures, according to Finance Minister Muhammad Aurangzeb.

“The government is dedicated to building on the hard-earned macro-stability to further strengthen the country’s economy,” he added in a televised statement.

According to the Finance Minister, the nation’s GDP, which is currently worth $300 billion, is expected to grow to three trillion dollars by 2047.He claimed that because to the government’s implementation of economic reforms and display of fiscal restraint, the nation’s economy has now stabilised. Speaking on the recent IMF delegation visit to Pakistan, he stated that it is a continuous dialogue process and that talks on public finance, the privatisation agenda, and energy and SOE reforms were discussed. He added that he had met with counterparts from the US Treasury, the United Arab Emirates, Saudi Arabia, China, Turkiye, and representatives of many rating agencies. He stated that every sector must fulfil its proper part in revenue and taxation, as the government is strict about compliance and enforcement.

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Rs. 209 billion was given to 31,700 young business owners.

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Over the course of the last eight months, 31,700 young entrepreneurs have received an incredible 209 billion rupees from the Prime Minister’s Youth Program through the Prime Minister Youth Business And Agriculture Loan Scheme, a major boost to entrepreneurship and youth empowerment.

The goal of this program is to provide young people with the tools they need to start and expand their businesses, which will eventually result in profitable employment and economic expansion.

With a simple online application process, prospective young entrepreneurs can now readily access the Prime Minister’s Youth Program benefits. Loan facilities are offered to youth through 15 different banks.

This significant accomplishment shows the government’s dedication to creating an environment that encourages young entrepreneurs and allows them to contribute to the growth and prosperity of the nation’s economy.

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DY PM Meets with the Saudi Envoy

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In Islamabad, Saudi Ambassador Nawaf Bin Saeed Ahmad Al-Malkiy paid a visit to Deputy Prime Minister Ishaq Dar.

Both pledged to deepen the already strong and long-standing relationship between the two nations, especially in the fields of investment and trade.

The Ambassador wished the DPM and the Pakistani people a happy Ramadan.

For Saudi Arabia’s government and citizens, Ishaq Dar did the same.

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Ishaq Dar Evaluates Foreign Investment Developments

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A meeting to assess the status of foreign investments in the maritime and aviation sectors was presided over by Senator Muhammad Ishaq Dar, the deputy prime minister and foreign minister.

The meeting was attended by senior officials from many departments, including the secretaries of defence, privatisation, the board of investment, law, and maritime affairs.

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