Islamabad: Nov 12, 2021 (TNS): Minister of State of Parliamentary Affairs Ali Muhammad Khan says the government is taking necessary steps for ensuring fiscal discipline and consolidation, stabilizing the economy and accelerating growth.<\/p>\n
Responding to a question during Question Hour in the Senate on Friday, he said debt to GDP ratio decreased by four percent during 2020-21 and government expects that this ratio will decrease further by two to three percent during the ongoing fiscal year.<\/p>\n
To another question, the Minister of State informed the House that total domestic and external debt stood at 41 trillion rupees.<\/p>\n
Responding to another question, Ali Muhammad Khan said the government has developed a Refinance and Credit Guarantee Scheme for collateral Free Lending to small and medium enterprises of the country.<\/p>\n
He said the scheme envisages a time bound refinancing of around sixty billion rupees in three years by State Bank of Pakistan to selected commercial banks.<\/p>\n
The Minister of State said total subsidy of 25.84 billion rupees for risk sharing will be provided to State Bank of Pakistan by the government over a period of four years.<\/p>\n
Four ordinances were laid before the House.<\/p>\n
These include the Public Properties (Removal of Encroachment) Ordinance, 2021; the Regulation of Generation, Transmission and Distribution of Electric Power (Amendment) Ordinance, 2021; the Public Private Partnership Authority (Amendment) Ordinance, 2021 and the Pakistan Council of Research in Water Resources (Amendment) Ordinance, 2021.<\/p>\n","protected":false},"excerpt":{"rendered":"
Islamabad: Nov 12, 2021 (TNS): Minister of State of Parliamentary Affairs Ali Muhammad Khan says the government is taking necessary steps for ensuring fiscal discipline and consolidation, stabilizing the economy and accelerating growth. Responding to a question during Question Hour in the Senate on Friday, he said debt to GDP ratio decreased by four percent […]<\/p>\n","protected":false},"author":1,"featured_media":99397,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[54,23],"tags":[110,115,2761,108,164],"class_list":["post-99396","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-islamabad","category-national","tag-times-international-news-agency","tag-times-international-news-service","tag-times-news","tag-tns","tag-tns-world"],"_links":{"self":[{"href":"https:\/\/tns.world\/index.php?rest_route=\/wp\/v2\/posts\/99396","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/tns.world\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tns.world\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/tns.world\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/tns.world\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=99396"}],"version-history":[{"count":1,"href":"https:\/\/tns.world\/index.php?rest_route=\/wp\/v2\/posts\/99396\/revisions"}],"predecessor-version":[{"id":99398,"href":"https:\/\/tns.world\/index.php?rest_route=\/wp\/v2\/posts\/99396\/revisions\/99398"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/tns.world\/index.php?rest_route=\/wp\/v2\/media\/99397"}],"wp:attachment":[{"href":"https:\/\/tns.world\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=99396"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tns.world\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=99396"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tns.world\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=99396"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}