Gwadar Will Start A Mega Project to Help Poor Fishermen

Prime Minister Imran Khan said on Wednesday that Gwadar will start a mega project to help poor fishermen and start later in Peshawar and elsewhere to provide affordable housing for low-income families. He addressed the signing of a Memorandum of Understanding (MOU) between the Government of Pakistan and the United Nations Project Services Office (UNOPS) and the Naya Pakistan Housing Program's Sustainable Housing Solutions.

PM received financial and technical support

The prime minister received financial and technical support from UNOPS and SHS, which said the project will accelerate the economy by overcoming the housing shortage in addition to job creation. He said the government is trying to revive the economy, adding that the nation 's economy has suffered from the looting of the past decade.

The Prime Minister noted that UNOPS financial assistance will utilize local labor and materials that benefit directly to the 40 industries that have allied with the construction sector. He said that building housing will not only encourage educated young people, new and big and large corporations and entrepreneurs to enter the field, but will also reinforce the economy and bring architectural expertise. 

Imran discusses bilateral relations and regional development with Prince UAE over the phone. He added that the Naya Pakistan Housing Authority is overcoming administrative and legislative problems as a window is opened to help investors and construction companies. Khan appealed to the chief justice of the Lahore High Court to settle the case of the pending high-level disposal law as soon as possible.

He observed that the banking sector could expand its lending facility and ease the mortgage process by making early decisions. He said that in the government's Naya Pakistan Housing Program, people, especially those who receive salaries without financial resources, can afford to pay for housing at an affordable price. He added that efforts were made to minimize the rate of increase.

PM expressed confidence 

The prime minister expressed confidence that when the government faced financial problems, it was difficult for the government to make new attempts, and promised to implement the promise of providing affordable housing for the people within five years. The Prime Minister also witnessed signing a Memorandum of Understanding (MOU) between the government representative and the UNOPS and SHS.

This Memorandum of Understanding is the latest version of the UNOPS Social Impact Investment Initiative (S3I), which is engaged in projects similar to Ghana, Kenya, the Caribbean Islands and India. Housing Minister Chaudhry Tariq Bashir Cheema attended the event, signing a memorandum of understanding (MOU) that said the government expressed seriousness to overcome housing shortages.

Vitaly Vanshelboim, United Nations Secretary-General, Vice-Chairman and UNOPS COO, said building 5 million houses in Pakistan has huge market opportunities as the most ambitious and favorable initiative. UNOPS will ensure quality construction related to local labor, he said. Contact the UAE Crown Prince. Prime Minister Imran Khan called Emir of Sheikh Mohammed bin Saez al Nahman.

United Arab Emirates

The prince of the United Arab Emirates, to exchange views on bilateral relations and regional development. The prime minister reaffirmed the importance of Pakistan's friendly ties with the United Arab Emirates and the close cooperation between the two countries. PM thanked the prince for his release of 700 Pakistani prisoners during Ramazan and highly praised the UAE's support for Pakistan on the FATF issue.

They also discussed ways to further deepen bilateral cooperation in different areas and agreed to maintain close consultations on regional and multilateral issues. Prime Minister Khan urged KP President Shah Farman to increase contact with political leaders in Afghanistan, helping to ensure that the best relationship at all levels between the two countries meets the interests of the region and achieves common goals. He said.

The prime minister spoke with the governor who had a telephone conversation with the prime minister. Khan ordered the governor to contact the Afghans. In addition to visiting Afghanistan, Farman Shah invites governors from various parts of Afghanistan to Pakistan.

Senior executives from the Pakistani economy

Senior executives from the Pakistani economy have exchanged views on plans for an economic recovery with Washington and the International Monetary Fund (IMF) officials this week in Washington. The group includes Dr Abdul Hafeez Shaikh, Finance and Revenue Advisor, Dr. Reza Baqir, and the State Bank of Pakistan.

According to government media reports, Pakistani officials spoke closely with the World Bank - members of the IMF Pakistan Employees' Association (PPA) and heard suggestions for economic reform. They also attended the cross-section of individuals from think tanks, government, academia and Pakistan Diaspora at the event "Pakistan.

This Time is Different" hosted by Center for Global Development (CGD) Governor Masood Ahmed The Imran Khan government, faced with a recent deepening financial crisis, has embarked on an ambitious economic reform program," the CGD statement said. The program was funded by a $ 6 billion IMF loan and $ 3.2 billion in related funding. have.

But the statement warned that "Pakistan has a long history of undertaking such reforms, but it can not be seen through it. According to a recent IMF statement, Pakistan faces a long-standing economic crisis, including low income mobilization, high fiscal deficits and debt, low spending on education, health and social programs, and weak external stance.

The IMF believes that it "reflects the legacy of uneven and cyclical economic policies" with the aim of increasing growth, but it is increasingly vulnerable and at the expense of structural and institutional weaknesses.

 IMF pointed out that the Pakistani authorities

However, the IMF pointed out that the Pakistani authorities have already begun to take difficult but necessary steps" to help Pakistan restore the economy and lay the foundation for continuous change and comprehensive growth. The IMF believes that such policy reforms and measures will "be a positive and significant turning point in Pakistan's economic outlook. The statement urged Pakistan to step up efforts.

This is because "decisive policies and reforms are needed together with significant external funding to reinforce the activities of the private sector and to create jobs, as well as to reduce vulnerabilities quickly, to increase confidence, and to return to a sustainable growth path. The IMF also proposed specific policy measures that Pakistan would like to undertake.

The proposed actions include the adoption of market-determined exchange rates that can help the functioning of the financial sector and contribute to a better allocation of resources in the economy. The IMF reminds us that Pakistan will help eliminate or reduce the budget deficit, which consumes government resources that are lacking in comprehensive plans for the energy sector and the cost recovery of state-owned enterprises.

This will ensure resources for expenditure in priority areas such as health, education, human resource development and poverty reduction. Another measure is to improve revenue mobilization by improving public funds and reducing public debt through revenue reform and ensuring a more even and transparent tax burden distribution.

Each state promises to contribute to this effort by better coordinating its fiscal and federal goals," the IMF said.
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