National economy is improving: PM

November 12, 2019: Further strengthening the economic stability and providing facilitation to investors and the business community is the top priority of the government, said by Prime Minister Imran Khan.

He was chairing a meeting of the government's economic team in Islamabad on Monday.  

The Prime Minister expressed satisfaction on the improvement in economic condition and restoration of confidence of the business community. He said the government is focused on the provision of all-out relief to the common man.

Talking on the promotion of minerals and mining sectors, the Prime Minister said the federal government will provide all-out assistance to provinces in order to increase provincial capacity in oil, gas and mineral sector.

Imran Khan said a special cell is being set up at Ministry of Food Security for integrated planning to gauge demand and supply of essential items and future estimates.

The meeting was briefed on economic condition especially the promotion of foreign investment in the country, subsidies for large industrial units, implementation of a government decision on duty-free export of machinery for hospitals, increasing cooperation between federation and provinces in oil, gas and minerals sector and steps taken to rehabilitate Pakistan Steel Mills.

Special Assistant on Petroleum Nadeem Babar apprised the meeting that twelve new blocks will be put for auction by 15th of next month for exploration and production.

The meeting was also informed of the progress on Tajikistan Afghanistan Pakistan Iran gas pipeline and establishment of PARCO Coastal Refinery. The meeting expressed satisfaction on stocks and availability of sugar in the country.

Advisor on Finance Hafeez Shaikh informed the Prime Minister on the overall situation of the economic and improvement in economic indicators.