LAHORE: The incumbent government is the most economically stable in the province’s history, as it has increased development funds by 100 billion rupees in a year.
At the same time, careful use of development funds has yielded positive results; reforms of the public financial management system have further improved the province’s economic situation. Finance Minister Makhdoom Hashim Jawan Bakht voiced the views in an interview with the media at a seminar held at a hotel here on Friday.
The minister said the rise in the province’s own-source revenue, despite the corona-linked relief, was evidence of public support for government policies. The rise in prices was a consequence of the global crises resulting in the backdrop of corona rather than the supposed incompetence of the government, which took public-focused measures to combat this menace.
The provincial minister told the media that the Punjab Revenue Authority (PRA) is continuing its journey of success this year as well, as it collected Rs 13.03 billion in the month of March and recorded a 16% increase in revenue collected from July to March. Last year. This is no doubt the result of the government’s policy of maintaining close collaboration with stakeholders, he argued.
The minister expressed hope that the authority would be able to collect more taxes than its target this year, adding that the government was spending an increase in provincial revenue on providing public services. It is certain that the target of providing treatment facilities to 100% of the population of Punjab with health cards has been achieved; he noted.
He mentioned that 313 Ramazan bazaars were set up where food items were available at subsidized rates. These bazaars, started from 25 Sha’ban, would be converted into Eid bazaars after 20 Ramazan, he said.
To this end, the Deputy Commissioners have been provided with the recommended funds, which they would be allowed to spend prudently in accordance with the rules and requirements, the Minister added. People could buy the 10 kilo sack of flour in Ramazan bazaars for 375 rupees. The food department has received funds of about 4.43 billion rupees to bridge the flour price gap in Ramazan bazaars and general markets, he said.
Similarly, supply of sugar, ghee, vegetables and poultry products were available at affordable rates in the bazaars of Ramazan, while many permanent measures were also taken such as job creation and ease of shopping. business, as well as easy loans for self-sufficiency to control. rising prices, concluded the minister.