Prime Minister Yousuf Raza Gilani said the comprehensive NWFP aid package will be a tremendous help to the troubled region.
Pakistanis have watched in agony as the NWFP and nearby areas have been ravaged with violence and terrorism. The government hopes that this thorough aid program will enable federal and local authorities to revitalize the economy and strengthen ties with minorities in the regions as well. Prime Minister Gilani stressed this package was a direct result of careful analysis, thoughtful research and democratic government.
Pakistanis everywhere can be proud of the Zardari administration’s initiative in this region sadly ignored by previous leaders. Not only do we see military intervention trying to defeat the militants, we see leaders who want to build up the local economies for the long-term future.
Inshallah these initiatives will succeed and we can one day see a strong NWFP.
Prime Minister Yousef Raza Gilani has unveiled a plan for economic revival for the long-suffering NorthWest Frontier Province and nearby tribal areas.
The package is divided into three components — fiscal, banking and insurance — for businessmen, traders and farmers of the NWFP, Fata and Pata (Provincially Administered Tribal Areas).
The comprehensive aid package illustrates the following:
- The government fully understands the economies of these regions have been prevented from progressing in positive directions due to the violence and militancy of extremist groups.
- There can be no doubt that this is truly a package that recognizes how to work with the local economies. Relief measures in the package include exemptions from different taxes, reduction in mark-up rates on small loans and writing off agricultural loans.
- The government hopes to revitalize the nation’s economy whilst also working towards anti-terrorism. Providing such a well-conceptualized and pragmatic economic package will do tremendous good in the coming years, as it will open the doors to opportunity for many Pakistanis.
The sheer necessity of such a policy, and the long-term hopes for development of these areas makes this a very promising package.