Pakistan Initiates Rs20 Billion Ramadan Relief Package for Families in Need
Pakistan has introduced a Rs20 billion Ramadan relief package to assist 4 million families, amidst declining consumer inflation. Each family will receive Rs5,000, distributed digitally across provinces. The initiative aims to support citizens facing economic hardships as Ramadan approaches, highlighting the government’s commitment to alleviating poverty during the holy month.
On March 1, 2025, Prime Minister Shehbaz Sharif unveiled a substantial Rs20 billion ($71.4 million) Ramadan relief package in Islamabad, aiming to assist approximately 4 million families during the Islamic holy month. The initiative comes amidst a reported decline in consumer inflation in Pakistan, which has reached 2.4% as of January, significantly down from 24% in the previous year.
Despite this decrease in inflation rates, many citizens are still grappling with financial hardships as Ramadan approaches. Under this relief package, each eligible family will receive Rs5,000 ($17.87), aimed at bolstering their financial support throughout Ramadan.
PM Sharif expressed gratitude for the reduction in inflation compared to last year and emphasized that the funds will be distributed digitally across all provinces, including Gilgit-Baltistan and Azad Jammu and Kashmir. He credited various government institutions and international partners for their collaboration in implementing the relief package effectively.
Moreover, the announcement comes as Pakistan progresses towards economic recovery approved under a $7 billion International Monetary Fund (IMF) program. An IMF mission is anticipated to review the country’s progress next week, potentially impacting fiscal policies moving forward.
In conclusion, this Ramadan relief package aims to alleviate the financial burden of low-income families in Pakistan amid ongoing economic challenges and a commitment to poverty alleviation during the holy month.
The Rs20 billion relief package launched by Prime Minister Shehbaz Sharif underscores the Pakistani government’s efforts to provide financial support to needy families during Ramadan. While consumer inflation shows signs of improvement, many citizens still face economic challenges. The government’s reliance on digital distribution mechanisms reflects modern approaches in tackling poverty and stabilizing the economy in partnership with various stakeholders.
Original Source: www.arabnews.com
