{"id":67896,"date":"2020-07-13T14:23:04","date_gmt":"2020-07-13T09:23:04","guid":{"rendered":"https:\/\/www.zameen.com\/news\/?p=67896"},"modified":"2020-07-13T14:23:06","modified_gmt":"2020-07-13T09:23:06","slug":"pm-approves-reduction-regulatory-restrictions-boost-economy","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/pm-approves-reduction-regulatory-restrictions-boost-economy.html","title":{"rendered":"PM approves reduction in regulatory restrictions to boost economy"},"content":{"rendered":"\n<p>Islamabad: Prime Minister (PM) Imran Khan on Saturday approved an economic think-tank\u2019s recommendations regarding the reduction of regulatory restrictions to boost the economy \u2014 a news source reported. The group had originally presented more than 60 recommendations for various neglected economic sectors.<\/p>\n\n\n\n<p>Read: <a href=\"https:\/\/www.zameen.com\/news\/economy-recovering-from-covid-19-pandemic-governor-sbp.html\" target=\"_blank\" rel=\"noreferrer noopener\">Economy recovering from the COVID-19 pandemic: Governor SBP<\/a><\/p>\n\n\n\n<p>The think-tank includes members from both the government and the private sector \u2014 with the enterprise aimed at reducing economic restrictions and moving the economy towards digitisation. A package based on the group\u2019s recommendations is expected to be announced by next month, after it has been thoroughly vetted.<\/p>\n\n\n\n<p>According to the details available, the PM approved a majority of the recommendations submitted by the think-tank, except for one major proposal that recommended reducing minimum capital requirements for banks. This decision was made based on certain personal concerns, as well as concerns expressed by the governor of the State Bank of Pakistan.<\/p>\n\n\n\n<p>Read: <a href=\"https:\/\/www.zameen.com\/news\/pm-reveals-construction-industry-package-announces-subsidy-for-nphp-developments.html\" target=\"_blank\" rel=\"noreferrer noopener\">PM reveals construction industry package, announces subsidy for NPHP developments<\/a><\/p>\n\n\n\n<p>The contention with this rule was that it would free up capital for the housing sector and small and medium enterprises. However, the concern was that instead of using the excess capital for the aforementioned purposes, the banks may look to divert them towards government debt as the safest investment.<\/p>\n\n\n\n<p>The recommendations were presented in a meeting attended by high officials of the federal government and state bank.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Islamabad: Prime Minister (PM) Imran Khan on Saturday approved an economic think-tank\u2019s recommendations regarding the reduction of regulatory restrictions to boost the economy \u2014 a news source reported. The group had originally presented more than 60 recommendations for various neglected economic sectors. Read: Economy recovering from the COVID-19 pandemic: Governor SBP The think-tank includes members from both the government and the private sector \u2014 with the enterprise aimed at reducing economic restrictions and moving the economy towards digitisation. A package based on the group\u2019s recommendations is expected to be announced by next month, after it has been thoroughly vetted. According to the details available, the PM approved a majority of the recommendations submitted by the think-tank, except for one major proposal that recommended reducing minimum capital requirements for banks. This decision was made based on certain personal concerns, as well as concerns expressed by the governor of the State Bank of Pakistan. Read: PM reveals construction industry package, announces subsidy for NPHP developments The contention with this rule was that it would free up capital for the housing sector and small and medium enterprises. However, the concern was that instead of using the excess capital for the aforementioned purposes, the&hellip;<\/p>\n","protected":false},"author":57,"featured_media":66385,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[15017],"tags":[34474,34475,21895],"persona":[],"class_list":{"0":"post-67896","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-notices-announcements","8":"tag-boost-economy","9":"tag-pakistan-economy","10":"tag-prime-minister-pm-imran-khan","11":"cat-15017-id"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>PM approves reduction in restrictions to boost economy - Zameen News<\/title>\n<meta name=\"description\" content=\"Islamabad: Prime Minister (PM) Imran Khan on Saturday approved an economic think-tank\u2019s recommendations regarding the reduction of regulatory restrictions to boost the economy \u2014 a news source reported.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.zameen.com\/news\/pm-approves-reduction-regulatory-restrictions-boost-economy.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"PM approves reduction in restrictions to boost economy - Zameen News\" \/>\n<meta property=\"og:description\" content=\"Islamabad: Prime Minister (PM) Imran Khan on Saturday approved an economic think-tank\u2019s recommendations regarding the reduction of regulatory restrictions to boost the economy \u2014 a news source reported.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zameen.com\/news\/pm-approves-reduction-regulatory-restrictions-boost-economy.html\" \/>\n<meta property=\"og:site_name\" content=\"Pakistan Real Estate News &amp; 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