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PM Imran Khan announces 30% subsidy on ghee, flour, pulses
Prime Minister Imran Khan, in an address to the nation Wednesday, announced a 30% subsidy on ghee, flour, and pulses for 20 million families in Pakistan. This will benefit over 130 million Pakistanis.
The premier unveiled a big public relief package aimed to mitigate the difficulties faced by the people due to the rising inflation. He said the package will take the country on the path to becoming a welfare state. Here are the salient features of the package:
Subsidy on essential food items
The PM said that an Rs120 billion subsidy will be provided to people. This will bring down the prices of daal, ghee, and flour. It will be a joint venture of the provincial and federal governments. Ehsaas Rashan will provide a six-month subsidy of Rs1,000 per month to families with a poverty score of less than 39 and an income of Rs31,500 per month.
The governments of Punjab, Khyber Pakhtunkhwa, Gilgit-Baltistan, and AJK have already agreed to participate in the programme. In other federating units, the federal share of subsidy worth Rs350 per month will be given for each eligible household.
Interest-free loans
Under the Kamyab Pakistan Programme, interest-free loans worth Rs1.4 trillion will be provided to four million families. The loans will be provided for these purposes:
House construction
Farmers can get a loan of half a million for investment on lands
Half a million for business in cities
Skilled training for individuals
Scholarships and stipends
The prime minister has announced six million scholarships and school stipends for students. "We are investing Rs47 billion on this scheme. The provincial governments are on board with this package.
None of the previous governments have given such a massive educational program in the history of Pakistan, he added.
Health cards
The premier promised that every Pakistani family will have a health insurance card.
This programme is already functional in Khyber Pakhtunkhwa and they can claim health insurance amounting to Rs1 million at any government hospital.
"We have initiated this program in Islamabad. It will be introduced in Lahore by December this year." Health cards will be given to families in Punjab by March next year.
The PM requested the Sindh government to initiate such a programme soon too.
Successful policies
"We got Pakistan with a bad economy, the highest deficit, the highest loans, and even higher interest. We had almost zero reserves. We had no money to pay liabilities. In this hard time, Saudi Arabia, China were a big help and saved us from the default."
In these conditions, the PM said: "We had to seek help from IMF as we didn't have dollars to pay liabilities. Later, Pakistan was hit by covid. Pandemic happens in 100 years, this brought crisis globally not just in Pakistan." Even the rich sections of the society in the developed countries had to suffer, he pointed out.
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