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Mr Gilani - Priority is to fight inflation & help the poor

30 May '08
4 min read

This he said would boost agriculture production, improve income of farming community and eliminate the possibility of food shortage in the country.

The Prime Minister added that fiscal & development support for manufacturing in terms of tax incentives, encouraging industrial clusters, support for technology transfer and facilitation of import of power generating small units are some of the areas to be given priority in the budget.

He further added that fiscal & tax incentives for encouraging small medium enterprises (SMEs) should also be including through increased allocation of credit for this sector.

The Prime Minister said that auto industry is the fifth largest revenue earner of the country and steps should be taken to encourage local production of cars and motor cycles. This he said would generate job opportunities and economic activities in the country.

The Prime Minister said that overcoming energy and water shortages are the other areas which the government attaches high priority.

He called upon the need to incorporate concrete measures which include construction of small dams in all federating units, provision of incentives for private investment in the power sector and increased allocation for water conservation and management.

The Prime Minister also stressed the need for the development of human resources and tangible measures to ensure their effective utilization.

In this regard, he said that this target be met through increased allocation for primary & secondary education, vocational training, concentrating on improving quality and maintaining standards and setting up and reviving employment exchanges for better information on job opportunities and assistance in placement.

The Prime Minister said that stringent measures need to be adopted to avoid wastage and duplication in the use of tax payers' money through close coordination between the federal & provincial governments in formulation and implementation of their development programmes, by observing transparent & effective monitoring of development projects to get optimum results.

The meeting was informed that over 300,000 temporary jobs will be created in the forthcoming public sector development programme/ projects of the federal government.

Syed Naveed Qamar, Minister for Finance, Ms. Hina Rabbani Khar, Special Assistant to Prime Minister, Ms. Shehnaz Wazir Ali, Special Assistant to Prime Minister, Mr. Salman Farooqi, Deputy Chairman Planning Commission, Secretary Planning Commission, Secretary Finance, Chief Economist and members of the Economic Advisory Council, Mr. Shaukat Tareen, Mr. Bashir Ali Muhammad, Main Tariq Sehgal, Syed Saleem Raza, Mr. Farooq Rehmatullah and Mr Saqib Sherani also attended the meeting.

Ministry of Finance, Islamabad

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