Imran Khan, The Prime Minister of Pakistan has recently announced that the govt will help an individual who earns less than Rs. 25,000 a month in buying important commodities.
During the cabinet’s meeting, the decision was taken that explored ways to provide relief to low-income groups at a time of high inflation.
According to the report, they are going to help low-income groups in buying Wheat, Rice, Sugar, Oil, Pulses, and many other basic commodities.
The members of the cabinet have also decided to allocate a significant amount of funds in the upcoming budget for this initiative.
Imran Khan says that the government is dedicated to providing relief to the poor segment of the society,
“Provision of relief to low-income segments of the society and adhering to their basic needs is the foremost responsibility of the state. The government is trying its level best and committed to ensuring meeting the basic requirement of low-income segments of the society”.
Recommended: Study Shows Pakistan Can Fill Two Large Dams but Annually Fresh Water Wasted
Prime Minister Imran Khan wrote that the govt’s efforts, including subsidy according to the utility stores corporation, have resulted in bringing down inflation by 2.16% inflation for February 2020 was recorded at 12.40% compared to 14.56% in January, He tweeted in Twitter.
Good to see Cabinet decisions to reduce inflation, incl subsidy on products through Utility Stores, starting to bear fruit. Inflation rate for Feb shows decline by more than 2% versus Jan. We will continue pursuing measures to bring down inflation & reduce burden on citizens
— Imran Khan (@ImranKhanPTI) March 2, 2020
In January 2020, He had officially approved an Rs. 6 billion subsidy packages for Utility Store Corporation.
Prices of important commodities such as Wheat, Oil, Rice, and even legumes went down significantly following the subsidy package.
The subsidy package for Utility Store Corporation resulted in an 80% increase in sales of the enterprise for the month of January 2020.