Thursday, March 23, 2023
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Economic Crisis: Pakistan Minister unwilling to return luxury cars, still using SUVs…

Pakistan Prime Minister Shehbaz Sharif announced many austerity measures aimed at saving 200 billion rupees per year a few days ago. Because the economy was still bad, he told cabinet members and advisors to give up expensive cars and pay.Yet, more than half of the expensive automobiles handed to cabinet ministers and other officials have yet to be returned.

According to Dawn News, despite the authorized austerity drive in February this year, several top officials were using official SUVs and sedans with displacements greater than 1800cc.

“The policy has not impressed the senior judiciary and parliamentary forums,” a meeting of the monitoring committee on the implementation of austerity measures said.

Sources said, “The meeting was presided over by Pakistan Finance Minister Ishaq Dar. In a compliance report, it was told that out of 30 luxury vehicles, 14 had been returned by cabinet members, but 16 are still in use.”

Concerned that cabinet ministers and other staff were not returning luxury cars, the meeting asked the cabinet division to get the luxury cars back within three days.It also discussed the removal of security cars, according to Dawn.

Under these austerity measures, all federal ministries and government offices in Pakistan were required to decrease spending by 15%, and he had also requested his ministers and advisors to forego salaries, allowances, luxury automobiles, international vacations, and business class travel.

At the time, the ministers agreed to the measures freely, saying that all cabinet members would forego their salaries and benefits and pay all of their power bills out of their own wallets.

Pakistan’s economy is failing, and the government is waiting for a much-needed USD 1.1 billion tranche of money from the IMF, which is situated in Washington. To release financing from its delayed IMF $6.5 billion loan program, the crisis-hit government has adopted a number of economic measures, including higher taxes, higher energy costs, and raising interest rates to the highest in 25 years.

News Desk
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