Pakistan Implements Temporary Austerity Steps Amid West Asia Crisis
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New Delhi, March 12 (NationPress) As the economic turmoil intensifies due to the ongoing conflict in West Asia, Pakistan has instituted a range of temporary austerity measures designed to cut government spending and optimize fuel usage, according to a recent report.
According to Pakistan's state-operated Radio Television of Afghanistan (RTA), the measures include significant reductions in fuel distribution for governmental vehicles and temporary salary and allowance cuts for public officials.
Specifically, allocations for government vehicles are set to decrease by 50 percent for a duration of two months, with approximately 60 percent of government vehicles remaining idle during this timeframe to save fuel.
In addition, members of the federal cabinet, along with ministers, advisers, and special assistants, will forfeit their salaries for the next two months, while parliamentarians will see a 25 percent cut in their salaries, as outlined in the report.
Senior government officials in grade 20 or higher, who earn over 300,000 Pakistani rupees, will also be required to contribute two days’ salary towards public assistance efforts.
The government has mandated a 20 percent decrease in non-salary expenditures across various departments and has prohibited the purchase of vehicles, furniture, air conditioning units, and other equipment for government offices.
Furthermore, ministers and senior officials are no longer allowed to travel abroad, with video conferencing being favored to minimize fuel consumption related to travel.
Official state banquets and iftar gatherings are also banned, while seminars and conferences will be hosted in government facilities instead of hotels to control costs.
Government offices will now operate for four days a week, with some departments implementing a 50 percent work-from-home policy. Schools will be closed for two weeks, and higher education institutions will transition to online classes, as reported.
Analysts cited by RTA have indicated that ongoing economic pressures may lead to further restrictions.
These measures were elaborated upon during a meeting that assessed the country's economic landscape.