Pakistan Implements Major Cost-Cutting Measures Amid Economic Crisis

by

Ganpat Singh Chouhan

Pakistan Implements Major Cost-Cutting Measures Amid Economic Crisis

New Delhi, March 12: Amid ongoing conflicts in West Asia and a worsening economic crisis, Pakistan has announced significant measures to reduce government spending and conserve fuel.

According to reports, these measures include cutting the fuel supply for government vehicles and temporarily reducing the salaries and allowances of government officials.

The fuel supply for government vehicles will be reduced by 50% for two months, with nearly 60% of these vehicles remaining unused during this period to save fuel.

Additionally, members of the federal cabinet, ministers, advisors, and special assistants will forgo their salaries for two months. A 25% salary cut will also be implemented for parliament members.

Senior government officials in grade 20 and above, earning over 300,000 Pakistani Rupees, will contribute two days’ salary to public assistance.

The government has ordered a 20% cut in non-salary expenditures across all departments and has banned the purchase of vehicles, furniture, air conditioners, and other equipment for government offices.

Furthermore, foreign travel for ministers and senior officials has been halted, with video conferencing prioritized to reduce travel-related fuel expenses.

Restrictions have also been placed on government banquets and Iftar events. Seminars and conferences will now be held in government buildings instead of hotels to minimize costs.

Government offices will operate only four days a week, with 50% of employees working from home in some departments. Schools will remain closed for two weeks, and higher education institutions will conduct online classes.

Analysts suggest that if economic pressures continue to escalate, even stricter measures may be implemented. These actions were discussed in a meeting reviewing the country’s economic situation.

Leave a Comment

BREAKING NEWS: