In address to nation, PM Imran Khan announces economic relief measures


ISLAMABAD: Prime Minister Imran Khan Monday announced a host of economic relief measures and stressed an independent foreign policy amid the ongoing Ukraine-Russia crisis.

In his address to the nation, the prime minister said the government was reducing the petrol, diesel, and electricity prices, while it would not be increased till the next budget, which will be announced in June.

The prime minister said that the government had decided to reduce petrol and diesel prices by Rs10 and the electricity tariff will drop by Rs5. “The price of these commodities will not rise till the next budget.”

He said the government was working on building 10 dams that would help save Pakistan from global price fluctuation as power would be generated through the hydel system in future.

PM Imran Khan said the government has also decided to increase the Ehsaas programme’s cash handouts from Rs12,000 to Rs14,000 and added that jobless graduates would be awarded internships and a stipend of Rs30,000  — but did not specify the mechanism.

Talking about industries, PM Imran Khan said people seeking to install industries or invest in the country would not be “asked any questions,” and a package would be announced later. He also said overseas Pakistanis eyeing to invest in local industries will be given a five-year tax exemption.

Moreover, 26,000 scholarships — costing Rs38 billion — will be given to students, he said.