Rs. 1.2 Trillion Covid-19 Package - Govt Slashes Petrol Prices, Stipends for Millions + More - Android

The government of Pakistan has announced Rs. 1,200 billion Economic Relief and Stimulus Package which seeks to provide relief to… Read More

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The government of Pakistan has announced Rs. 1,200 billion Economic Relief and Stimulus Package which seeks to provide relief to vulnerable people, SMEs and industry and supports the poor.

Addressing a press conference, Prime Minister Imran Khan alongside his senior ministers and advisors said that the coronavirus pandemic is not the real danger, rather the decisions that people took fearing the COVID-19 threat.

“Chaos is more dangerous than coronavirus if we take any decision in haste it will have a dire impact on the society,” said the prime minister.

Prime Minister Imran said that he would have imposed curfew immediately if the situation in Pakistan was as bad as it is in Italy and the rest of Europe. “But in Pakistan, it is not feasible considering the number of poor people in the country,” he explained.

In a Twitter post, Economic Affairs Minister Hammad Azhar said that the package “Seeks to provide relief to vulnerable, support to poor, SMEs [small- and medium-sized enterprises], industry”.

Petrol, Diesel prices shall be reduced by Rs 15/litre.
1 crore 20 lac individuals will receive Rs 3000 for 4 months.
Rs 50 billion have been set aside for utility store corporation.
Concessional loans to SME and agriculture sector.
Taxes cut on essential commodities and more.

— Hammad Azhar (@Hammad_Azhar) March 24, 2020