Pakistan Economy Crisis: Army and ISI could not escape Pakistan’s poverty, embassies will also be locked? Shehbaz Sharif landed on ‘great stinginess’ – pakistan financial crisis shehbaz sharif to cut pak army isi embassies budget austerity measures in country
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Shahbaz Sharif hopes that the judiciary will limit the maximum pension of retired judges to Rs 5 lakh per month. Citing sources, ‘The News’ reported that Pakistan may also make a big cut in its ‘non-combat’ defense budget, regarding which the finance and defense ministries are currently in talks. However, Shahbaz will not reduce the size of the 85-member cabinet to 30 as recommended by the National Austerity Comedy. But he can announce that half the members of the cabinet will not take any salary or facility from the exchequer.
‘Go on a foreign trip only if necessary’
There will be a 15 percent reduction in the salary of the rest of the cabinet members. Luxury vehicles given to cabinet members will be withdrawn while ministers will be allowed only one security vehicle. Not only this, all ministers and government officials of Pakistan will now travel by economy class. They cannot take any support staff on foreign tours. Ministers, MPs and government officials will only go on ‘compulsory’ foreign visits.
Unemployment will increase in Pakistan
All ministries, government departments and institutions will cut their budget by 15 percent. The budget of Pakistani embassies and missions abroad will also be cut by 15 percent. There will be a complete ban on new recruitments in Pakistan and all government posts lying vacant for the last three years will be abolished. According to the news, the Secret Service Fund of Pakistan’s intelligence agency ISI and IB will also be limited.
Pakistan Bankrupt: Bankrupt Pakistan, why good news for India
Pakistan will not use paper
The use of paper will be reduced in Pakistan. If media reports are to be believed, a committee was formed under Finance Minister Ishaq Dar to ensure the implementation of the cost-cutting measures. But later Pak PM decided that he himself will lead it so that there is no hesitation in implementing them. Pakistan’s foreign exchange reserves, which are facing the most severe economic crisis in history, have come down to $ 3 billion.
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