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PBIT’s Sardar Ilyas Tanveer administrates new Lahore Economic Journalists body

Govt to extend relief to 75 pc of electricity consumers: Finance Minister


By Our Special Correspondent

LAHORE: Punjab Finance Minister Hashim Jawan Bakhat said that the
government will give relief to 75 percent of electricity consumers,
besides increasing the Benazir Income Support Program (BISP) by Rs 80
billion and easiness would be created for low income group in the
forthcoming budget.

Addressing the ‘Role of Media in Investment Promotion’ and the oath
taking ceremony of Lahore Economic Journalist Association, the
minister said that negative propaganda was being spread on IMF program
by the political parties for their political gains.

Earlier, Sardar IlyasTanveer took oath from the newly elected body of
Lahore economic journalists.

The minister said that the Punjab government focusing engaging the
private sector in the development of the province and prioritizing
public private partnership projects in the forthcoming budget. These
projects would not be the part of the Annual Development Plan (ADP),
he added.

The minister said that the public sector perform the duties of social
sector development while private sector should take the lead for
economic growth being engine of growth. He said that in the past
governments give temporary support to the economy through their weak
policies while current government was dong efforts to strengthen the
economy. The minister said that local and foreign investments were
crucial for economic revival. He said the government and security
agencies were responsible for making business and investment friendly
policies and ensure the security and safety of the public and

Chairman Punjab Board of Investment and Trade (PBIT),
SardarIlyasTanveer addressing on the occasion said that media plays
pivotal role in the promotion of positive investment climate in any
country. He said the media should highlight the efforts made by the
government for ease of doing business and investment opportunities
provided by the government. He said the media reporting portray the
image of any country and media should give positive image of Pakistan
to the world.

Chairman PBIT said that the government taken number of business and
investment friendly initiatives and outcome of these steps would be
long lasting.

Speaking on the occasion, Punjab Minister for Industry, Trade and
Investment, MianAslam Iqbal said that every government introduce its
agenda and plans to improve the lives of the people living below the
poverty line and the present government primarily focused on it. He
said that it was need of the hour to highlight the positive actions
and policies of government instead of creating panic and chaos. He
said that if uncertainty would prevail than economic revival would not
be possible which will adversely affect the commoners. He said the
confidence of the local investors was reviving with the steps taken by
the present government and they were contributing their share in the
economic revival.

The seminar was also attended by the President Lahore Chamber of
Commerce and Industry Almas Hayder, Flour Millers Asim Raza and
MianRiaz, and President Anjuman-e-TajiranMian Waqar and other
prominent businessmen.

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