Pakistani government imposes austerity measures to cut spending, halt new recruitments, and seek a $7B IMF bailout amid budget criticism and rising energy costs.
The Pakistani government has implemented austerity measures to cut spending, including bans on new vehicle purchases, foreign medical treatments, and government-funded travel. New federal recruitments are halted, with exceptions for long-standing temporary positions. These actions aim to address public criticism of a harsh federal budget and rising energy costs while seeking a $7 billion bailout from the IMF. Essential purchases for specific sectors like healthcare and education are still permitted.
September 06, 2024
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