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Hafeez Shaikh briefs PM on economic package for business community

Hafeez Shaikh briefs PM on economic package for business community
April 12, 2020
ISLAMABAD (92 News) – Adviser on Finance Hafeez Shaikh called on Prime Minister (PM) Imran Khan in Islamabad on Sunday. The adviser briefed the prime minister on economic package of government for the business community. It is pertinent to mention here that the package includes deferred payment of existing loans as well as provision of new loans on soft terms. The prime minister was also given a briefing on various matters including Ehsaas Cash Transfer Program. On the other hand, PM Imran Khan has called for a “Global Initiative on Debt Relief” in wake of coronavirus pandemic. In a message broadcast to international community, the prime minister said COVID-19 pandemic has posed unprecedented health and economic challenges. He expressed fear that global recession might be worse than the great depression. PM Khan stressed that a global pandemic cannot be contained without strong, coordinated and well-crafted global response. He invited the UN secretary general to work with him in advancing the objectives of a coordinated response. He cautioned that the pandemic’s socio-economic impacts would be more consequential in the developing countries. While proposing the Initiative, Imran Khan highlighted that his government has provided an 8 billion US dollars stimulus package to help the most vulnerable Pakistanis.