Monday, 06 July 2020, 02:38:37 pm
Pak-economy will learn to live with COVID phenomenon
June 04, 2020

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A consultative meeting of Annual Plan Coordination Committee was held in Islamabad with Deputy Chairman Planning Commission Jahanzeb Khan in the chair.

The meeting was told that next year will be challenging too, but economy will learn to live with COVID phenomenon and growth will improve to over 2 percent.

The meeting decided that the major strategy for Public Sector Development Programs 2020-21 is focus on completion of ongoing projects and COVID-19 responsive development program.

It was informed that despite of locust attack agriculture impact will post positive growth and some revival is expected in the services sector.

It was apprised that inflation will be in the lower single digit next year, and external account will be comfortably placed with lower current account deficit.

The meeting stressed that Health Sector is a priority in the wake of COVID-19 to provide improved health services, preventions and control of communicable diseases, production of medical devices and capacity enhancement of health institutions.

It was informed the in next fiscal year preference has been given in allocation of funds to Social Sector by proposing 35 percent allocation of PSDP compared to the financial year 2019-20 where this allocation was in the range of 16percent.