The Corona crisis could put 3 million people out of work in the country. Ministry of finance

ISLAMABAD: The Finance Ministry has expressed concern over the unemployment of 3 million people in the country due to the corona virus crisis in the Senate session. It may be recalled that a budget meeting of the Upper House was held today (June 5) under the chairmanship of Senate Chairman Sadiq Sanjarani. Ensured.

Adviser Parliamentary Affairs Dr. Babar Awan presented a bill on salaries and benefits of MPs which was forwarded by the Chairman Senate to the relevant committee. The Chairman Senate said that the committee would complete the recommendations by June 8 within 10 days. At the same time, Dr. Babar Awan also presented the review report of General Election 2018 in the meeting.
The meeting also strongly condemned Indian barbarism in Occupied Kashmir and passed a resolution by Senator Raja Zafar-ul-Haq against Indian atrocities in Occupied Kashmir in a written reply submitted by the Finance Ministry during the Senate session. The picture of serious economic impact was presented.


 According to the Ministry of Finance, the Corona crisis could put 3 million people out of work in the country, of which 1 million in the industrial sector and 2 million in the services sector could lose their jobs. The rate will increase from 24.3% to 33.5% while the fiscal deficit will increase from 7.5% to 9.4%. According to the reply submitted by the Ministry of Finance, remittances of workers working abroad decreased by 2 billion. That would be down from 23 23 billion before the Corona crisis to 20 to 21 billion.
According to the written reply, the rupee has depreciated by 7.5 per cent on a monthly basis during February-March due to the Corona crisis. Negative growth rate. According to the written reply, from April to June, the Federal Board of Revenue (FBR) revenue will be reduced by Rs 700 to 900 billion, while the FBR's tax target was Rs 4,800 billion, which could fall to Rs 3,905 billion.
In addition, according to the Ministry of Finance, Pakistan's exports will fall to 21 21 billion to 22 22 billion, while the budget deficit will increase to 9.4 percent due to the Corona Crisis. Postponed. Earlier, a meeting of the Upper House was convened in the morning as per the order issued by the Senate Secretariat. In addition, Prime Minister Imran Khan had nominated Dr. Shehzad Wasim as the new Leader of the House in the Senate. Shibli Faraz had taken over as Federal Minister for Information and Broadcasting last month, so Dr. Shehzad Wasim has been made the Leader of the House in his place.