North India Statesman
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Pakistan News: Economic crisis is creating problems in Pakistan. The whole country is struggling with inflation. The situation is such that from the President to the Prime Minister and all his ministers have decided to forgo their salaries. The biggest challenge before Pakistan's new Prime Minister Shahbaz Sharif is to bring the economy back on track.
Shahbaz and his ministers will not take salary
Pakistan Prime Minister Shahbaz Sharif and his cabinet on Wednesday unanimously decided not to take their salaries and related benefits due to the poor economic condition of the country. According to a press release issued by the Prime Minister's Office, the decision was taken during the cabinet meeting as part of the government's strict policies aimed at curbing unnecessary expenses.
Zardari also decided not to take salary
The Cabinet has imposed the first government-funded foreign travel ban, ordering government ministers, MPs and government officials not to travel abroad using government funds without approval. Last week, the President had also decided not to take salary citing the same reason.
to the IMF
It is expected that Pakistan's situation may improve after getting a loan from the International Monetary Fund. The IMF has reached a staff-level agreement on the final review of a $3 billion bailout package for cash-strapped Pakistan. This has paved the way for releasing $1.1 billion as the final installment of the package.
