Karachi: Finance Minister Shaukat Tarin on Saturday revealed that the government is going to launch an Rs1400 billion Kamiab Pakistan Program on February 16, the next week. The mega financial assistance program is being launched to help the masses in setting up businesses, increase the productivity of the agriculture sector, build homes and avail the of skill development training. The Minister was addressing the launching ceremony of the Kamyab Jawan Program in Sindh, at Karachi Chamber of Commerce and Industry (KCCI). He said that the Kamiab Jawan project is already working in Baluchistan and KP.
The minister said that there is a feeling that the people at a lower level benefit when there is growth at a higher level, but unfortunately there were no fruits of trickledown effect for the low segment of society over the past 74 years. He said, “There is a concept that whenever there will be growth at the upper level, people at the lower level will benefit from it through a trickle-down impact. But unfortunately, for the past 74 years, the people at the lower level of society are waiting for the trickle-down effects. But it must stop now. Now we should go for a bottom-up strategy and for that Kamyab Jawan Programme is the first action on these lines. Now in the second phase, we are bringing something much bigger and huge. That would be Kamyab Pakistan Programme to be launched across the country on February 16.”
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The minister further added that this is possible only by creating opportunities for them to earn more and more income. Regarding inflation, the minister said that it is a worldwide phenomenon and the major economies like the USA, UK and Germany are worried about it. He said, “So our economy is in the right direction. But yes, there are headwinds. But these headwinds are not because of us. These are the ones who have even put Biden in trouble. These are the ones that have even made the British prime minister worried. These have put Germany in trouble. The world is facing a crisis because of this super cycle of commodity prices”. However, he said that at the domestic level the government is trying its best to control inflation at the earliest.
