Sindh to control 43% poverty through economic growth of 6 to 7% per annum: Murad.

KARACHI -- Sindh Chief Minister Syed Murad Ali Shah has said that his province's economy has remained under stress which could be assessed from the fact that the poverty ratio has been recorded at 43 percent with 75.5 percent in rural areas.

'My government's strategy is to grow the economy from six to seven percent so that over 600,000 jobs could be created every year to reduce the poverty, but the strategy has been affected by floods 0f 2010, 2011, COVID-19, and floods of 2022.'

This he said while addressing the 49th Specialized Training program/25th Initial Command Course 35 ASPs, including nine females here at CM House. The meeting was attended by Chief Secretary Sohail Rajput, Commandant National Police Academy AD Khwaja, IG Police Ghulam Nabi Memon, Chairman P and D Hassan Naqvi, Home Secretary Saeed Mangnijo, and PSCM Fayaz Jatoi.

Mr. Shah said that Sindh was the Country's most urbanized province with Karachi; its capital city being the country's major financial and trade Hub. He added that Sindh's economy has remained under stress as with the national economic situation.

According to the CM, the overall poverty levels in Sindh are high, estimated at around 43 percent with 75.5 percent in rural areas. 'Sindh requires six to seven percent annual growth to be able to create over 600,000 jobs in the private sector so that poverty could be reduced,' he said and added Public Expenditure and Productive Investments were expected to be the major drivers for growth in the province and the country.

Murad Ali Shah said that recent floods have wreaked havoc in all sectors of the province. 'We faced floods in 2010, then in 2011, COVID-19, and now floods in 2022,' he said and added that his government, despite natural calamities and other issues, has prioritized the development portfolio such as improving outcome-based human development, social protection and poverty reduction, urban development with a focus on Karachi and other urban centers, launching water and sanitation schemes, improving connectivity and adopting integrated agriculture and water approach.

Talking about governance effectiveness, the chief minister said that his government has undertaken significant reforms to improve the overall ease of doing business environment in the province as its Ease of Doing Business Rankings improved from 128 to 108 (2019 to 2020). He added that a dedicated 'Doing Business Reforms Unit' has been housed in the Investment Department to steer the...