Govt pursuing pro-business policies: Omar Ayub

ISLAMABAD,(MANEND NEWS): National Assembly began its session at
the parliament house in Islamabad on Friday with Speaker Asad Qaiser
in the chair. The House offered fateha for the departed souls of
Senator Mushahidullah Khan, legendary mountaineer Muhammad Ali
Sadpara and the security personnel martyred in recent acts of
Minister for Power Omar Ayub Khan has said the government is
pursuing pro-business policies and these are being appreciated by the
business community.
Responding to the points of opposition members in the National
Assembly on Friday, regarding the state of economy and price hike, he
said the large scale manufacturing is now witnessing growth of 14.50
The Minister for Power said the previous government set up expensive
power plants, ignoring the indigenous sources of energy. He said the
present government is focusing to exploit the potential of renewable
energy to produce cheap electricity. He said the agreement signed
with the IPPs will help save 800 billion rupees. He said the
government is clearing the mess left by the previous regimes.
Participating in the discussion on a motion regarding inflation,
especially increase in the prices of essential food items as well as
petroleum products, gas and electricity, Qaiser Ahmed Sheikh of PML-
N said the devaluation of currency has led to increase in the prices of
essential commodities including petroleum products. He said indirect
taxes such as petroleum levy are affecting the poor segments of the
society. He asked the government to promote the small and medium
enterprises as per its commitment.
Raja Pervaiz Ashraf of PPP said no action has been taken by the
government to check the prices of essential items. He said increase in
the prices of wheat, sugar and cotton has not benefited the farmers
but the middlemen and hoarders.

Earlier, the annual reports of State Bank of Pakistan on the state of
Pakistan’s economy for the years 2019-20 and 2020-21 were
presented before the National Assembly today.
The fiscal and debt policy statement for the year 2021 was also laid
before the House.
The documents were presented by Parliamentary Secretary for Finance
Zain Hussain Qureshi. The House will now meet again on Monday at
4:00 PM.

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