ISLAMABAD: The National Economic Council at a meeting with caretaker Prime Minister Anwaarul Haq Kakar in the chair reviewed progress of work on development projects of national importance across the country.
The meeting was informed that under new guidelines, the government will allocate funds on priority basis for development projects on which 80pc of the work had been completed.
The meeting was told that the overall economic growth rate in the first quarter remained 2.1 per cent against the target of 3.5 per cent. The economy is improving and trade deficit is declining due to concrete measures taken by the caretaker government.
The participants said steps taken against illegal business of foreign currency and anti-smuggling was giving positive results, leading to stabilization of the value of the rupee and increasing remittances from overseas Pakistanis.
Speaking on the occasion, the caretaker prime minister said focus of all development projects should be the welfare of the masses as tax money is the people money. He directed that development of communication infrastructure, hydropower and reservoirs, agriculture, industry, Information.
Technology, manpower, especially the youth development should be given special importance in the development budget.
The National Economic Council expressed satisfaction over the measures taken to achieve the economic goals and directed to speed up these measures.
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