Investor Presentaiton

Chapter IV - Annual Development Programme Section - II RISE Punjab (Responsive Investment for Social Protection and Economic Stimulus) Government of the Punjab's initial reaction to the outbreak of COVID-19 was focused on fortifying public sector Health infrastructure and services and devising and implementing measures to slow down the spread of the deadly virus. The lockdowns imposed to control the spread impacted all sectors of the economy but some sectors, including Micro and Small and Medium Enterprises (MSME), informal and daily wage workers, etc., were the worst effected. The Punjab Government launched an emergency response plan to respond to COVID-19 worth Government of Punjab emergency Response Rs. 140 Billion >>> PKR140.0 Billion. The Plan aimed at providing immediate relief to businesses and citizens which suffered due to this outbreak. Realising that the economic impact of the pandemic was extraordinary and unprecedented, Chief Minister constituted a Steering Committee, headed by Finance Minister Punjab, to devise a short to medium term response plan. Paucity of time and imperatives of social distancing and lockdown made the task of the Committee extremely challenging but all notified and associated members contributed greatly to the formulation of the strategy. P&D Board steered the formulation of a comprehensive strategy for rejuvenating the economy, improving Health services to respond to the challenges of COVID-19, provide Social Protection to most vulnerable sections of the society and to improve preparedness for other calamities. The plan titled 'Responsive Investment for Social Protection and Economic Stimulus Framework - RISE Punjab' was launched by Chief Minister Punjab on 27.04.2020. RISE Punjab Framework integrates seven critical pillars to help Punjab respond to the Health, Economic Regeneration and Social Protection challenges: Economic Recovery and Stability Punjab Growth Strategy 2023 was developed under the assumption of severe macroeconomic challenges requiring a period of stabilisation and economic growth; however, the current exogenous shock requires re-estimation of the projected growth target set under the Strategy. RISE Punjab realises that the micro-level interventions along all the key supply/value chains of the economy will be required. The Government will therefore take a sector-by-sector view of interventions to help firms sustain, re-orient, diversify, and grow. A core focus of the Government will be on Micro, Small and Medium-sized Enterprises (MSMEs) and rural enterprises. الث RISE Punjab's micro-level interventions in all key supply/value chains of the economy. Focus of Government on micro, small and medium- sized enterprises (MSMEs) and rural enterprises. The Agriculture sector has largely escaped the severity of pandemic however disruptions in supply chains, impacted availability of agriculture inputs as well as sale of production The services economy has probably been the hardest hit, with more than 70% of enterprises being impacted. Government's initiatives such as ensuring access to credit & capital, initiatives for Ease of Doing Business The Agriculture sector has largely escaped the severity of pandemic however disruptions in supply chains due to the lockdown have impacted availability of Agriculture inputs as well as sale of produce. Unfortunately, this sector is facing the brunt of one of the worst ever locust Page 41

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