{"id":242364,"date":"2022-01-12T21:57:15","date_gmt":"2022-01-12T16:57:15","guid":{"rendered":"https:\/\/vid.app.com.pk\/vid\/?p=242364"},"modified":"2022-01-12T21:57:15","modified_gmt":"2022-01-12T16:57:15","slug":"summit-appreciates-govt-strategy-initiatives-on-covid-19","status":"publish","type":"post","link":"https:\/\/vid.app.com.pk\/vid\/2022\/01\/summit-appreciates-govt-strategy-initiatives-on-covid-19\/","title":{"rendered":"Summit appreciates govt strategy, initiatives on Covid-19"},"content":{"rendered":"<div style=\"width: 696px;\" class=\"wp-video\"><video class=\"wp-video-shortcode\" id=\"video-242364-1\" width=\"696\" height=\"557\" poster=\"https:\/\/vid.app.com.pk\/vid\/wp-content\/uploads\/2022\/01\/The-future-summit-held-at-Karachi-12-01-2022-mp4-image.png\" preload=\"metadata\" controls=\"controls\"><source type=\"video\/mp4\" src=\"https:\/\/vid.app.com.pk\/vid\/wp-content\/uploads\/2022\/01\/The-future-summit-held-at-Karachi-12-01-2022.mp4?_=1\" \/><a href=\"https:\/\/vid.app.com.pk\/vid\/wp-content\/uploads\/2022\/01\/The-future-summit-held-at-Karachi-12-01-2022.mp4\">https:\/\/vid.app.com.pk\/vid\/wp-content\/uploads\/2022\/01\/The-future-summit-held-at-Karachi-12-01-2022.mp4<\/a><\/video><\/div>\n<p>KARACHI, Jan 12 (APP):Speakers at two-day fifth \u201c The Future Summit\u201d, beginning here on Wednesday, appreciated the government\u2019s policies, strategy and initiatives for successfully tackling with COVID-19 epidemic, and the resultant social and economic issues.<br \/>\nGovernor State Bank of Pakistan, Dr. Reza Baqir said that due to the best approach and policies of the government under the leadership of Prime Minister Imran Khan Pakistan could efficiently handle the Covid-19 situation. After World War-II, it was the biggest global crisis. However, Pakistan succeeded in strengthening the economic indicators against many other countries wherein their economies badly shattered because of lockdowns. And, even then, they suffered huge human loss.<br \/>\nPakistan government adopted the policy of \u201c Safety of Life and Livelihood\u201d and allowed to continue economic activities in the country amid strict checks over the spread of the corona virus.<br \/>\nPrime Minister and his financial team deserved credit for saving the country from economic crisis, along with minimizing the Covid-hit casualties.<br \/>\nThe Government extended financial support to trade and industries to offset the Covid shocks, which otherwise would have been compelled to off-load big number of their employees creating chaos in the society. Besides, it \u00a0distributed billions of rupees among the poor through Ehsas Cash Programme to make them able to meet their basic needs till covid-19 situation improved. Under this programme, out of every three households one family got good amount of cash and the programme got world appreciation.<br \/>\n\u201cPakistanis should feel proud of the government\u2019s strategy on Covid-19. From top leadership the economic managers\u2019 response was very proactive,\u201d he remarked.<br \/>\nHe spoke on the steps taken by State Bank of Pakistan, in pursuance of the government\u2019s policy, for savage of trade and industry from Covid-19, and to overall support to the economy. These included launching of Temporary Economic Refinancing Facility for expansion and new industrialization. Under TERF, Rs 470 billion soft loan was provided.<br \/>\nListing the main achievements of the Central Bank, he said the economic fundamentals were kept intact , rather strengthened over last two years. Fiscal deficit was significantly reduced whereas in many countries it went up. Similarly, the current deficit was controlled and the balance of payments position improved as the foreign reserves continued to increase.<br \/>\nOver this period , in Pakistan debit \u2013GDP ratio went down by 2.4 percent. Whereas, he continued, in emerging and developed economies it had increased. The foreign exchange rate was made market based and average rate in 2020 remained Rs 161.93 and in 2021 it was Rs 163.29.<br \/>\nSBP Governor said the Central Bank through incentives encouraged savings rate of the country as high saving rate was vital for the country. Due to low savings, the country had to go \u00a0to the international financial institutions for loan.<br \/>\nRoshan Digital Account was successfully launched by SBP in 2020 and till date three billion dollars were sent by Overseas Pakistanis. And, during last year, dollars 2.6 billion investment was also made by them through this account, which was more than that of other foreign direct investment over this period.<br \/>\nSindh Governor Imran Ismail also praised Pakistan Tehreek-i-Insaf government\u2019s approach and strategy to handle Covid-19 situation that was appreciated in the world. From day one, Prime Minister Imran Khan had different approach on corona epidemic and was not in favour of lockdowns to save big number of the population from starving.<br \/>\nWhen the Covid-19 epidemic out-broke, the world started shutting down and there was huge pressure on our government as well to go for shutdowns, but Imran Khan and his team adopted different approach ensuring safety of the people\u2019s life and livelihood.<br \/>\nHe also praised SBP Governor Dr. Reza Baqir for better functioning of the Central Bank. Over last couple of years, it took various important steps\/initiatives particularly for dealing with covid situation.<br \/>\nHe regretted that the past the corrupt governments severely harmed the country\u2019s economy.\u00a0 Now, he said, Imran Khan and his team were aggressively fighting on it.<br \/>\n\u201cWe are also trying to bring reforms in institutions including FBR to ensure corruption free and business friendly environment,\u201d he said adding that the government\u2019s performance was very remarkable and the credit went to Prime Minister Imran Khan.<br \/>\nHe \u00a0criticized the opposition political parties for their negative politics and pointed out that the protests and marches did damage the economy , mainly the stock exchange.<br \/>\nImran Ismail urged on rightly portraying the success stories of businesspersons, financial managers and other professionals instead of \u00a0always talking about problems and challenges to the country.<br \/>\n\u201cAs a nation, we should focus on finding way forward,\u201d he concluded.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>KARACHI, Jan 12 (APP):Speakers at two-day fifth \u201c The Future Summit\u201d, beginning here on Wednesday, appreciated the government\u2019s policies, strategy and initiatives for successfully tackling with COVID-19 epidemic, and the resultant social and economic issues. Governor State Bank of Pakistan, Dr. Reza Baqir said that due to the best approach and policies of the government [&hellip;]<\/p>\n","protected":false},"author":9,"featured_media":242368,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"video","meta":{"footnotes":""},"categories":[51],"tags":[],"class_list":{"0":"post-242364","1":"post","2":"type-post","3":"status-publish","4":"format-video","5":"has-post-thumbnail","7":"category-district-news","8":"post_format-post-format-video"},"video_url":["https:\/\/vid.app.com.pk\/vid\/wp-content\/uploads\/2022\/01\/The-future-summit-held-at-Karachi-12-01-2022-mp4-image.png","https:\/\/vid.app.com.pk\/vid\/wp-content\/uploads\/2022\/01\/The-future-summit-held-at-Karachi-12-01-2022.mp4"],"featured_media_src_url":"https:\/\/vid.app.com.pk\/vid\/wp-content\/uploads\/2022\/01\/z-232.jpg","_links":{"self":[{"href":"https:\/\/vid.app.com.pk\/vid\/wp-json\/wp\/v2\/posts\/242364","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/vid.app.com.pk\/vid\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/vid.app.com.pk\/vid\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/vid.app.com.pk\/vid\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/vid.app.com.pk\/vid\/wp-json\/wp\/v2\/comments?post=242364"}],"version-history":[{"count":1,"href":"https:\/\/vid.app.com.pk\/vid\/wp-json\/wp\/v2\/posts\/242364\/revisions"}],"predecessor-version":[{"id":242369,"href":"https:\/\/vid.app.com.pk\/vid\/wp-json\/wp\/v2\/posts\/242364\/revisions\/242369"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/vid.app.com.pk\/vid\/wp-json\/wp\/v2\/media\/242368"}],"wp:attachment":[{"href":"https:\/\/vid.app.com.pk\/vid\/wp-json\/wp\/v2\/media?parent=242364"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/vid.app.com.pk\/vid\/wp-json\/wp\/v2\/categories?post=242364"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/vid.app.com.pk\/vid\/wp-json\/wp\/v2\/tags?post=242364"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}