Despite constraints, budget 2023-24 promises to turn things around: PM

Terms arrival of Russian oil cargo as beginning of new relationship with Moscow

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ISLAMABAD (APP): Prime Minister Shehbaz Sharif on Monday said that despite the constraints imposed by domestic and global circumstances, the budget 2023-24 promised to turn things around and has outlined a clear path for the purpose.

The prime minister, in a tweet, said that achieving economic self-sufficiency, remained the overarching goal where the economy was insulated from external turbulence and shocks.

He said as the experts were analysing the various facets of budget 2023-24, he considered it important to highlight the special emphasis the government had placed on the growth-inducing sectors in the budget.

He said the measures for the uplifting of information technology, agriculture, solarisation, youth development and other sectors were proposed after thorough deliberations.

“They are aimed at incentivizing innovation and entrepreneurship of our talented youth and boosting the productivity of agriculture and attracting investment in the agro-industry.”

At the same time, the prime minister said the government was working on a solarisation initiative to replace the costlier sources of power generation by harnessing the vast solar power.

“Affordable energy is key to economic growth and the provision of relief to the people. The procurement of crude oil from Russia is also part of the energy security plan,” the prime minister remarked.

Meanwhile, Prime Minister Shehbaz Sharif has termed the arrival of first ever Russian oil cargo to Pakistan as the beginning of a new relationship between Islamabad and Moscow.

In a tweet, he said the first Russian discounted crude oil cargo has arrived in Karachi and will begin oil discharge on Monday.

The Prime Minister said it is a transformative day and he has fulfilled another promise to the nation.

He commended all those who remained part of this national endeavor and contributed to translating the promise of Russian oil import into reality.

The Prime Minister said we are moving one step at a time toward prosperity, economic growth, energy security and affordability.

I have fulfilled another of my promises to the nation. Glad to announce that the first Russian discounted crude oil cargo has arrived in Karachi and will begin oil discharge tomorrow. Today is a transformative day. We are moving one step at a time toward prosperity, economic.

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