Pak PM Sharif announces new relief program for low-income segment

Pakistani Prime Minister Shahbaz Sharif has announced a new relief package worth PKR 28 billion ($140 million) per month to ease the impact of rising oil prices on low-income people from the country.

In a televised address to the nation, Sharif said the relief program will provide around 14 million deserving families with immediate aid of PKR 2,000 each on a monthly basis, Xinhua news agency reports.

The program will provide financial assistance to nearly 85 million people, nearly a third of Pakistan’s total population, he said.

This relief comes on top of support already provided to the disadvantaged faction under Benazir’s income support scheme, according to Sharif.

The Prime Minister said that this relief package will be included in the next financial budget.

Sharif said Utility Stores Corporation across the country has been ordered to provide 10 kilograms of sacks of flour at a subsidized rate of PKR 400.

The Prime Minister also announced the launch of a consultation process to involve all political parties to ensure smooth implementation of economic policies.



(Only the title and image of this report may have been edited by Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

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