Focus of former rulers remained fake accounts, money laundering: Farrukh

ISLAMABAD: Minister of State for Information and Broadcasting Farrukh Habib said on Tuesday that, when in power, the focus of PML-N, PPP remained on money laundering, fake accounts, and corruption instead of taking steps to increase production of the country and improve the economy.

Addressing a press conference along with Minister for Finance Shaukat Tarin and SAPM on Food Security Jamshed Iqbal Cheema he said that global commodity prices did not rise from 2008 to 2018 when PPP and PML-N ruled the country.

He said since the outbreak of Covid 19, reduction in production was registered and logistics costs shot up which resulted in an increase in prices of daily use commodities.

He said according to the UNFAO report, from February 2020 to August 2021, food items prices have increased globally by 127 percent. He said that Pakistan imported 70 cents of pulses and edible oil.

The minister said due to prudent government policies, the full impact of global inflation has not been shifted to the consumers. He said the present government was working on food security as it was vital for Pakistan as an agricultural country.

He lamented that PML-N had set up sugar mills in cotton-growing areas in the past and sugarcane cultivation had been started there which badly affected cotton production.

The minister said that Rs 1,000 billion housing and commercial projects have been approved for low income and middle class with an economic impact of Rs 5,000 billion.

The income of the working class has also increased during the past couple of years, he said adding the laborers earning Rs. 500 to 600 a day in the past were now earning Rs 1000 per day and masons earning about Rs 1200 in the past were now earning Rs 2000 to 2500 per day.

Today all power looms were active in Faisalabad, and more textile Mills were being built which was a manifestation of good policies of the government. The world, he said has been appreciating the policy of Prime Minister Imran Khan to fight Covid 19, and The Economist lauded Pakistan’s handling of coronavirus.

The opposition parties leaders he said, including Maryam Safdar and Bilawal Bhutto Zardari, were demanding a complete lockdown from the beginning as they had no feelings for labor class and daily wage earners.

Mechanism against profiteering and hoarding has been developed and data was being reviewed every week in collaboration with the provinces, he said.

Farrukh Habib said that Kamyab Jawan Programme, Low Income Housing Scheme, and Sehat Insaf Card schemes were meant for low-income groups. He revealed that banks received Rs 154 billion loan applications for the construction of low-income houses, out of which Rs 60 billion loans have been approved.

He said that the State Bank of Pakistan was now providing capital of up to Rs 10 million to small and medium enterprises (SMEs) which will create innumerable employment opportunities in the country. TF Report

Leave a Reply

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