7 key areas: All you need to know about KP government’s new strategy to stabilize the economy after COVID-19 crisis
the KP government is formulating a multi-layered crisis response strategy, including a managerial component to oversee the lockdown and a health section to counter the public health emergency.
The government of Khyber Pakhtunkhwa has devised a new policy to stabilize the economy after the COVID-19 crisis. The provincial government has focused on seven key areas in its response strategy.
The Khyber-Pakhtunkhwa (K-P) Additional Chief Secretary Shakeel Qadir Khan disclosed the initiative on Monday as he presided over a meeting of the Planning and Development Department to discuss the post-crisis economic response strategy.
According to the planning department, the lockdown could result in the loss of at least 1.3 million jobs.
Seven Key Areas
The seven key areas of the province in focus for its economic response strategy include job creation, emergency healthcare, public work, social protection, small and medium enterprises, emergency response and economic growth.
During the meeting, the Chief Secretary was informed that the provincial government is working on short-term (one year), and medium-term (three years) strategies for dealing with the post-COVID-19 economic recovery.
According to officials, the KP government is formulating a multi-layered crisis response strategy, including a managerial component to oversee the lockdown and a health section to counter the public health emergency.
The chief secretary stressed the need for an analysis of data being assembled in an ongoing province-wide survey by the K-P Bureau of Statistics to study the adverse consequences on the economy and the impact of job losses in different sectors.
Khan said the analysis would facilitate the planning department in conducting situational analysis, setting preferences and resource allocation as part of the post-crisis economic response.
Post-crisis economic recovery strategy tasks were assigned to section chiefs of the planning department as well as representatives of foreign development partners.
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