INSUBCONTINENT EXCLUSIVE:
ISLAMABAD: Prime Minister Imran Khan has said that the country was facing unprecedented economic crisis.PM Imran Khan on Wednesday chaired
assembly of the National Economic Council (NEC) at PM Office
He said that joint efforts of the Federal Government and the Provincial Governments were needed to overcome the present economic crisis
Imran Khan added &PTI Government has introduced Local Government systems in Punjab and Khyber Pkahtunkhwa to endegree empowerment of the
people at grass root level and to afford them an opportunity to play their part in their developmental process.&Khan reiterated his call to
the provinces to allocate essential financial resources, as per the commitments made earlier, for the development of erstwhile FATA
The assembly reviewed Annual plot 2018-19 and the proposed Annual plot 2019-20
The assembly approved GDP growth target of 4% along with sectoral growth of agriculture (3.5%) industry (2.2%) and services sector (4.8%)
for financial year 2019-20
NEC reviewed draft 12th Five Year plot (2018-23)
It was informed that main themes of the 12th Five Year plot include balanced and equitable regional development; sustainable, inclusive,
job-creating export-led growth; resource large crowd of peopleilization and improving governance; improving social protection; ensuring food
and water security, enhancing associateivity, promoting knowledge economy and Clean and Green Pakistan
The NEC approved 12th Five Year plot (2018-23), in principle
It was decided that the plan shall be further fine-tuned, specificly its implementation mechanism, in refer toation with all stakeholders
The assembly reviewed Public Sector Development Programme (PSDP) 2018-19 and the proposed PSDP 2019-20
It was informed that PSDP 2019-20 focuses on new initiatives in the field of agriculture, information technology, higher education, science
technology and technical education and training
The assembly was informed that targeted interventions shall be made in the less developed districts of the country to bring them at par with
other parts of the country for regional equalization
10 billion Tsunami Program, Prime Minister Youth Seliminate Development Initiative, rehabilitation of affected population residing along
Line of Control, construction of Gilgit-Shandur-Chitral Road and improvement of sewerage and sanitation system of Gilgit, and development of
merged districts of Khyber Pakhtunkhwa are measure of the major precedence areas of Public Sector Development Programme (PSDP) 2019-20
The assembly approved National Development Outlay 2019-20 amounting to Rs
1.837 trillion including Federal PSDP and Provincial ADPs
Progress Report of CDWP and ECNEC from 1st April 2018 to 31st March 2019 was laid before the National Economic Council
The NEC confirmed extension in powers of Special Forum for Rehabilitation and Reconstruction in FATA (erstwhile) till December 2019
The Special Forum, under the Chairmanship of Commander 11 Corps, was set uped by the NEC on 30.05.2016 for a period of two years for fast
track implementation mechanism for Rehabilitation and Reconstruction in erstwhile FATA
The assembly approved set upment of Islamabad Development Working portiony headed by the Chief Commissioner ICT including representatives
from Ministries of Finance, plotning and other concerned offices
The IDWP shall be allowed to approve development project up to Rs
It approved procedure for approval of Program for Results (PforR), Development Policy Credits (DPCs) and Financial Intermediation Programs
The assembly was attended by Adviser Finance Dr
Abdul Hafeez Sheikh, plotning Minister Makhdoom Khusru Bakhtiar, Adviser Commerce Mr
Abdul Razzak Dawood, Governor KP Mr
Shah Farman, Chief Minister Punjab Sardar Usman Buzdar, CM Sindh Syed Murad Ali Shah, CM Khyber Pakhtunkhwa Mr
Mehmood Khan, CM Balochistan Mr
Jam Kamal Khan, Finance Minister Punjab Makhdoom Hashim Jawan Bakht, Mr
Durrani, Finance Minister KP Mr
Jan Muhammad Jamali, PM Azad Jammu Kashmir Raja Farooq Haider, Chief Minister Gilgit-Baltistan Hafiz Hafiz-ur-Rehman and
others.TheIndianSubcontinent has not verified the content of the source
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