PTI govt recognises challenges to economy: Asad Umar.

RAWALPINDI -- Business community is a key player in the development of the country. It is our top priority to ensure early completion of projects under the Public Sector Development Projects (PSDP), said Minister for Planning, Development and Special Initiatives Asad Umar.

Speaking with a delegation of the Rawalpindi Chamber of Commerce and Industry (RCCI), Umar said that the government had spent a huge amount of Rs75 billion on development schemes in the month of December 2019 alone under the PSDP. In the previous six months this expenditure was around Rs97 billion, he added.

'Government does recognise challenges to the economy. We have come out of the bad phase and are now working on a strategy to reduce the cost of doing business and accelerate development plans,' the minister remarked.

He shared that there has been a detailed conversation with the prime minister regarding reducing interest rates, and hopefully in the coming months this shall start to come down.

Umar added that in the first phase of the China-Pakistan Economic Corridor (CPEC), the infrastructure and energy...