Pakistan, which is facing economic crisis, does not have money left even for government work. Due to this, the government has decided to control government expenditure. The cabinet of Pakistan has decided to merge and abolish more than 80 departments of 6 ministries. The number of departments will be reduced from 82 to 40. Apart from this, the government has also decided to stop unnecessary expenses. This also includes cleaning work inside government offices. This means that from now on, cleaning work will not be done in government offices in Pakistan. Government recruitment may be banned
Pakistan’s Reform Committee has advised the government to stop government recruitment. Apart from this, it has also recommended to abolish 1.5 lakh vacant posts of government jobs. The government has formed a committee to investigate the impact on employees after the merger of departments. Apart from this, a plan is being made to send the employees of the departments which have been abolished to the departments of the state governments and other organizations. Also, the government has banned the purchase of new vehicles. However, the purchase of ambulances has been excluded from this. Pakistan has sought a relief package from the International Monetary Fund several times to emerge from the economic crisis. Decision to sell government companies as well
Pakistan, which is facing economic crisis and tough conditions of IMF, had decided to sell all the government companies in May 2024. Pak PM Shahbaz Sharif had said that, ‘It is not the job of the government to do business, the job of the government is to provide a good environment for business and investment in the country.’ Sharif had said that all government companies would be sold, whether they are able to make profits or not. According to media reports, the government will retain only those companies which are strategically important. The Prime Minister had appealed to all the ministers to cooperate with the Privatization Commission in making the process easier. According to the December 2023 report of the Finance Ministry of Pakistan, Pakistan has 88 government companies. The government has already sold airports and ports. Pakistan is trying its best to come out of the economic crisis. In this regard, not only government companies but Pakistan has also sold its ports and airports. Pakistan had decided to give Islamabad airport on contract last year. Former Aviation Minister Khawaja Saad Rafiq had informed about this in the Parliament. However, Saad Rafiq had said that giving on contract does not mean that the government is selling the airport, but this is being done to involve a good operator in the airport work. Pakistan has also sold its largest Karachi port. Last year, Pakistan signed a concession agreement with UAE regarding its largest Karachi port. The Pakistan government finalized this deal in just 4 days at lightning speed. This deal is for 50 years. Under this, two companies of UAE will invest Rs 1.8 thousand crore in Karachi Port. It was believed that Pakistan had taken this decision to raise emergency funds. Karachi Port is one of the largest ports in South Asia. It is also the largest and busiest port of Pakistan. This port is about 11 and a half kilometers long. There are a total of 33 berths here, including 30 dry cargo and 3 liquid cargo berths. Berth means the platform where the ship is parked. Read this news too… Shahbaz said – Pakistan can overtake India’s economy: Said – we will get ahead of other countries by working hard; Milk price in PAK is Rs 210 / liter Pakistan’s Prime Minister Shahbaz Sharif, who is facing economic crisis, has said that if the country works hard, it can leave behind India and the world’s big economies. PM Shahbaz had come to honor the officials at the Federal Board of Revenue in Islamabad on Saturday, where he made this statement. However, while on the one hand Pakistan is talking about competing with big economies, on the other hand inflation is at its peak in the country. Read the full news here…
