Ag AgenciesISLAMABAD: Pakistan relaxed more coronavirus restrictions on Wednesday amid confidence the third wave had been largely overcome and a stepped up inoculation drive that is seeing over.
Pakistan will open walk-in vaccinations for people above 18 years from June 11. The decision was announced by the National Command and Operation Centre on Wednesday. The country officially began administering the coronavirus vaccine to everyone aged 19 or older on June 3. Covid-19 vaccination centres will be closed on Sunday now onward. They will stay open on Friday instead. Timings for the centres will be 8am to 10pm from June 11. Vaccination will be mandatory for all government and private employees, the NCOC said. Pakistan has achieved a major milestone of administering 10 million doses of the Covid-19 vaccine, Radio Pakistan reported Wednesday. The NC.
With the ministries of finance and planning on the same page, the production sectors are expected to be placed at the centre of the forthcoming federal budget growth strategy in a bid to put the economy on a sound footing.
In recent decades, economic growth has predominately been driven by consumption while on the supply side, the contribution of investment, production and exports to GDP expansion has remained much below their potential.
The domestic demand is met with huge imports of foreign goods and services that have no share in GDP. Though the inflows of workers’ remittances have positive effects on economic growth, it is primarily through the consumption channel, while the investment channel is not found significant, say a working paper central bank researchers Sarmad Ellahi and Muhammad Omer.