Caretaker govt respects all the int’l agreements & will continue implementing them: Murtaza Solangi

ISLAMABAD, Sep 08 (SABAH): Caretaker Minister for Information and Broadcasting Murtaza Solangi says steps are being taken to promote investments in the country.

Addressing a presser along with Caretaker Federal Ministers in Islamabad on Friday, Murtaza Solangi said steps are also being taken to reduce government’s expenditure.

He said issues related to smuggling, dollar and other commodities were discussed during Friday’s meeting of Special Investment Facilitation Council. Murtaza Solangi said that on Friday was the first day of the two-day long SIFC meeting, adding that decreasing government expenditures and circular debts was reviewed during the SIFC meeting. He said that steps are being taken for promoting investment in the country, adding that the steps are also being taken to overcome hurdles in the way of foreign investment in the country. He said that the practical steps are being taken to decrease the government expenditures.
Murtaza Solangi said that smuggling and other issues were discussed during the Apex Committee meeting of the SIFC, adding that work is being done on stopping smuggling.

He said that the caretaker government respects all the international agreements and will continue implementing them, adding that the decisions of the previous government will also be implemented according to law, adding that the government will continue implementing all the international agreements.

Speaking on the occasion, Caretaker Minister for Finance and Revenue Dr. Shamshad Akhtar said we intend to enhance social safety net amidst structural adjustments.

She said we are making concerted efforts to augment macroeconomic stability. She said our priority is to ensure supply of energy to industrial sector.

Replying to a question Caretaker Minister for Commerce and Industries Dr Gohar Ejaz said it is the time to open market for raw materials to make industry viable. He said inflation can only be controlled by enhancing exports.

Speaking on the occasion, Minister for Energy Muhammad Ali said efforts are underway to reduce the line losses in power sector. He said cut on imports of raw materials squeezed exports sector.