Prime Minister Shehbaz Sharif has announced that the government will clear its outstanding advertising dues of newspapers on a priority basis to alleviate the serious cash crunch being faced by the industry.
He expressed these views while talking to a delegation of the All Pakistan Newspapers Society led by its President, Sarmad Ali and Secretary General, Nazafreen Saigol Lakhani. He also instructed for all dues to be reconciled by June 30. He further said that his government does not believe in political victimisation and will therefore clear advertising dues of the previous government.
The prime minister assured that the government advertising rates of the newspapers will be adjusted in line with inflation. He also committed that no new taxes and duties would be imposed on the newspaper industry in the coming budget and that the government would consider providing additional relief measures to help crisis ridden newspaper industry to cope up with the extraordinary inflationary pressures.
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