The government think tank set up to deal with the declining economy caused by the Corona virus and provide relief to the people made important suggestions.
A think tank meeting was held under the chairmanship of Finance Advisor Hafeez Sheikh in which the issue of dealing with the economic crisis was reviewed.
Further reduction in interest rates was recommended. The finance adviser said 1.4 billion dollar had been received from the IMF. Debt repayment of 1.8 billion dollar in G20 countries is expected to be delayed for the year. The think tank advised farmers to purchase crops on time, encourage remittances and expedite the provision of agricultural loans. Participants called for reforms in areas such as monetary, banking and financial affairs.
The think tank also postponed a decision on the FBR’s difficult tax targets for further consultation.
