Lao PM vows to stabilize economy, finance, currency to avert crisis

Author: APP

The Lao government will strive to stabilize the economy, financial situation and currency in order to prevent a crisis, Lao Prime Minister Phankham Viphavanh told the National Assembly (NA) at the start of its 3rd ordinary session which kicked off in the capital Vientiane on Monday.

At the session, the NA President Xaysomphone Phomvihane delivered the opening remarks, giving the floor to the government to present a report on the progress made in implementing the socio-economic development, budget and currency plans over the first half of this year. Prime Minister Phankham said an 11-point work plan has been devised to support the achievement of the development targets set for 2022. “The government will speed up efforts to resolve the fragility of the macro-economy and normalize the situation,” local daily Vientiane Times quoted the prime minister as saying.

Share
Leave a Comment

Recent Posts

  • Business

BMP for lowering production cost to promote industrialization, enhance exports

The Federation of Pakistan Chambers of Commerce and Industry’s (FPCCI) Businessmen Panel (BMP) has called…

50 mins ago
  • Business

‘Govt should withstand resistance to broadening tax base’

The tax evaders and black economy mafia bosses are putting a strong resistance to the…

50 mins ago
  • Business

PFC to take part in Riyadh Intel expo

Pakistan Furniture Council (PFC) will take part in a 3-day Riyadh international expo starting from…

50 mins ago
  • Business

PPL Adhi Field’s operational parameters, safety protocols inspected

Chairman of Oil and Gas Regulatory Authority (OGRA) Masroor Khan, along with Mr. Zain-ul-Abideen Qureshi…

50 mins ago
  • Business

Tarbela 5th Extension Hydropower project to supply 1.347 bln units annually

Tarbela 5th Extension Hydropower Project will supply 1.347 billion low-cost and environment-friendly units annually to…

50 mins ago
  • Business

KP exporters demand incentives over export of goods to Afghanistan, CAR in Pak currency

All Khyber Pakhtunkhwa Exporters Association has demanded of government to announce incentives over exporting of…

52 mins ago