APNS award ceremony held
Musharraf vows to curb terrorism
ISLAMABAD (APP), May 27 2006: President General Pervez Musharraf Friday (May 26) said the next year Public Sector Development Programme would have an unprecedented allocation of Rs 415 billion and indicated subsidies on essential items in the upcoming budget to provide reÂlief to the common man. Addressing the 18th Award ceremony of All Pakistan NewsÂpapers Society, the president also renewed his commitment to holding fair and transparent elections in the year 2007 and said the Sections would take place in accordance with the Constitution. On record increase in PSDP allocations which hovered around Rs 100 billion between 1988-99 – the President said it had been possible due to sustained growth in recent years and also pledged to reduce poverty and provide employment to people.
‘The PSDP for 2006-07 is of Rs 415 billion,” he said, adding that the massive development activity would lead to poverty alleviation through increased investment in a host of promising sectors and resultant generation of employment opportunities. In his wide-ranging address, the president also vowed to continue Pakistan’s fight against terrorism and extremism and said he was determined to addresses some of the lingering problems facing the country including stabilisation of situation in the tribal regions and socio-economic emancipation of the people in Balochistan. President Musharraf also indicated relief for the common man in the next national budget to ease inflationary pressure that had been caused by the soaring international oil prices and increase in supply and demand due to economic growth.
Hinting at measures, such as price capping and control, the president said subsidies on essential items in the next national budget would greatly offset price hike pressure on common man. He said the government was determined to improve living standards of people and provide them gas, electricity and safe drinking water at their doorstep President Musharraf said the government had mapped out a comprehensive strategy to sustain the economic growth and transfer fruits of development down to the common people.
He listed a number of me projects including Coastal HighÂway Gwadar Port, Mirani Dam that were started a few years ago, and said that these were nearing completion and the people would soon begin to reap their benefits. “One has to see these development with an optimism,” the president said, adding: “I have full faith in the country, the nation and the people.”
Source: The Nation
Date:5/27/2006
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