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    Home > Food News > Food Articles > The Pakistani government announces the country’s largest food subsidy program in history

    The Pakistani government announces the country’s largest food subsidy program in history

    • Last Update: 2021-11-11
    • Source: Internet
    • Author: User
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    Pakistan’s "Forum Express" reported on November 4, 2021 that this Wednesday (November 3), the Pakistani government announced the implementation of a 120 billion rupees food subsidy program, which means that in the next 6 months, 53% of the country’s population and eligible Approximately 20 million households can enjoy a 30% discount on the three main foods, ghee, flour and beans
    .
     
    The plan is part of the Poverty Alleviation Plan Ehsaas proposed by the Pakistani government three years ago.
    Prime Minister Imran Khan called it the “largest in Pakistan’s history” subsidy program, which aims to protect the country’s 130 million poor.
    The crowd is protected from the recent general rise in food prices for people’s livelihoods
    .
     
    Under this plan, 4 million eligible families can obtain interest-free loans when building houses, and one member of each family will receive a health insurance card; the state will spend 47 billion rupees for scholarships and 1.
    4 trillion rupees To implement the Youth Entrepreneurship Program (Kamyab Jawan Program, KJP)
    .
     
    Imran Khan said that when the Justice Movement (PTI) came to power in 2018, the country's economic situation was very bad
    .
    In the face of huge deficits, foreign debt, inflation, and the lowest level of foreign exchange reserves, the government has to turn to the International Monetary Fund (IMF) and rely on fraternal countries such as Saudi Arabia, the UAE, and China to avoid debt defaults
    .
    Internally, the government started to implement the poverty alleviation plan (Ehsaas plan) in order to protect the interests of the people
    .
    During the epidemic, the government has overcome difficulties and implemented economic stimulus measures.
    Agriculture and large-scale manufacturing have grown against the trend, and tax revenue has increased significantly
    .
     
      Imran cited the Bloomberg Commodity Price Index as saying that global commodity prices have risen by 50% in one year, while Pakistan has risen by only 9%.
    This is compared with the exponential surge in natural gas in the United States and Europe, oil prices in neighboring South Asia, and food prices.
    Pakistan's inflation is still within the expected controllable range
    .
    Food family flour
     
      The plan is part of the Poverty Alleviation Plan Ehsaas proposed by the Pakistani government three years ago.
    Prime Minister Imran Khan called it the “largest in Pakistan’s history” subsidy program, which aims to protect the country’s 130 million poor.
    The crowd is protected from the recent general rise in food prices for people’s livelihoods
    .
     
      Under this plan, 4 million eligible families can obtain interest-free loans when building houses, and one member of each family will receive a health insurance card; the state will spend 47 billion rupees for scholarships and 1.
    4 trillion rupees To implement the Youth Entrepreneurship Program (Kamyab Jawan Program, KJP)
    .
     
      Imran Khan said that when the Justice Movement (PTI) came to power in 2018, the country's economic situation was very bad
    .
    In the face of huge deficits, foreign debt, inflation, and the lowest level of foreign exchange reserves, the government has to turn to the International Monetary Fund (IMF) and rely on fraternal countries such as Saudi Arabia, the UAE, and China to avoid debt defaults
    .
    Internally, the government started to implement the poverty alleviation plan (Ehsaas plan) in order to protect the interests of the people
    .
    During the epidemic, the government has overcome difficulties and implemented economic stimulus measures.
    Agriculture and large-scale manufacturing have grown against the trend, and tax revenue has increased significantly
    .
     
      Imran cited the Bloomberg Commodity Price Index as saying that global commodity prices have risen by 50% in one year, while Pakistan has risen by only 9%.
    This is compared with the exponential surge in natural gas in the United States and Europe, oil prices in neighboring South Asia, and food prices.
    Pakistan's inflation is still within the expected controllable range
    .
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