ISLAMABAD: Minister of State of Parliamentary Affairs Ali Muhammad Khan says the government is taking necessary steps for ensuring fiscal discipline and consolidation, stabilizing the economy and accelerating growth.<\/p>\n
Responding to a question during Question Hour in the Senate on Friday, he said debt to GDP ratio decreased by four percent during 2020-21 and government expects that this ratio will decrease further by two to three percent during the ongoing fiscal year.<\/p>\n
To another question, the Minister of State informed the House that total domestic and external debt stood at 41 trillion rupees.<\/p>\n
Responding to another question, Ali Muhammad Khan said the government has developed a Refinance and Credit Guarantee Scheme for collateral Free Lending to small and medium enterprises of the country.<\/p>\n
He said the scheme envisages a time bound refinancing of around sixty billion rupees in three years by State Bank of Pakistan to selected commercial banks.<\/p>\n
The Minister of State said total subsidy of 25.84 billion rupees for risk sharing will be provided to State Bank of Pakistan by the government over a period of four years.<\/p>\n
Four ordinances were laid before the House.<\/p>\n
These include the Public Properties (Removal of Encroachment) Ordinance, 2021; the Regulation of Generation, Transmission and Distribution of Electric Power (Amendment) Ordinance, 2021; the Public Private Partnership Authority (Amendment) Ordinance, 2021 and the Pakistan Council of Research in Water Resources (Amendment) Ordinance, 2021.<\/p>\n