Govt successfully brought back country from brink of bankruptcy: Dr Aisha Ghaus.

ISLAMABAD -- Minister of State for Finance and Revenue Dr Aisha Ghaus Pasha on Thursday informed the Senate that the incumbent government successfully brought back the country from the verge of bankruptcy, owing to good management policy.

Replying to a Calling Attention Notice raised by Sania Nishtar regarding the current status of the economy, the short and long term distortions creating the unprecedented challenges for a poor man, the minister said the government had a plan to improve the economic situation. The government inherited fragile economy and economic situation since its inception besides devastating floods which directly affected 33 million people, she added.

The minister said all commercial banks were directed to open LC for import of food items, medicines and fuel and added only import of luxury items had been curtailed.

She said one third areas of the country came under devastating flood which inflicted over $ 33 billion loss. Despite several challenges, all out efforts were being made to provide relief to the common people, she added.

She said relief was being provided to common people through Benazir Income Support Programme (BISP), Pakistan Utility Store Corporation (USC), National Disaster Management Authority (NDMA) and Kissan Package. Hefty amount was specified to provide prompt relief to the common people, she...

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