Preparing to cut 10 percent salary of government employees in Pakistan

Pakistan, which is struggling with economic crisis and inflation, is on the verge of misery. Pakistan is making every possible effort to come out of the economic crisis. Sometimes America wants financial help from China and Arab countries and sometimes it talks about establishing peace with neighboring countries. The Government of Pakistan can cut the ...
 

Pakistan, which is struggling with economic crisis and inflation, is on the verge of misery. Pakistan is making every possible effort to come out of the economic crisis. Sometimes America wants financial help from China and Arab countries and sometimes it talks about establishing peace with neighboring countries.

The Government of Pakistan can cut the salary of government employees by 10 percent. According to the Pakistani media, the National Economy Committee formed by the Prime Minister of Pakistan Shehbaz Sharif is considering all the ways to get out of the economic crisis.

The committee has also proposed a 10 per cent reduction in the salaries of government employees. The committee has also proposed a 15 percent reduction in ministry-departmental expenditure. It has also been advised to reduce the number of ministers. The committee has recommended the government to reduce the number of advisors from 78 to 30.

Meanwhile, IMF has refused to give loan to Pakistan. Earlier, the IMF had sought additional information from Pakistan regarding the budget. Pakistan urgently needs a foreign loan of $10 billion.

IMF has refused to give loan at a time when Pakistan is about to become destitute. The foreign exchange reserves of the State Bank of Pakistan fell to a record low of $4.343 billion. In recent days, gas prices in Pakistan have increased by 70 percent and electricity bills by 30 percent.

Source