The program worth Rs. 1400 billion is aimed at uplifting 3.7 million poor households and is expected to improve the living standards of the financially challenged segments of the population.
The PM addressed the upsurge in the prices of petroleum and said, “We have also tried to absorb the maximum pressure of the international increase in the prices of commodities”.
He explained that there has been a 100 percent increase in the prices of petroleum products over the last few months, but that his government has only increased prices by 22 percent, for which it has slashed the sales tax and petroleum levy on petrol and diesel.
The PM acknowledged that the prices of wheat price and sugar have also spiked by 33 percent and 40 percent respectively in the international market, and highlighted that the PTI-government has enhanced their prices by 12 and 21 percent respectively.
He mentioned that he is confident that the improvement in the global supply chain will reduce the prices of commodities, and the benefit will be extended to the masses. He also claimed that the government is cognizant of the problems of society’s downtrodden segments caused by the price hikes, and announced that a program is being launched under Ehsaas to provide directly targeted subsidies to them for essential commodities such as flour, ghee, and sugar.
The Minister of Finance, Shaukat Tarin, declared that the Kamyab Pakistan Program (KPP) will be extended to six million households to strengthen the poor and revolutionize their lives. He outlined its main components and stated that interest-free loans of up to five hundred thousand rupees will be given to poor households under Kamyab Karobar, and interest-free loans will be given to the farmers under Kamyab Kissan.