Business / Pakistan facing economic crisis employees salary may cut 10 percent

Pakistan Economic Crisis: The condition of Pakistan facing economic crisis is getting worse. The prices of everyday food items have skyrocketed. Amidst this, news is coming that due to this crisis, the Government of Pakistan has decided to cut the salary of the employees of all the departments by 10 percent. Information about this has been received through media reports. Pakistan is grappling with the biggest economic crisis in recent years after the reduction in foreign exchange reserves.

Salary will be cut by 10 percent

Geo News reported that the National Austerity Committee (NAC), constituted by Prime Minister Shehbaz Sharif, is considering various proposals, including reducing the salaries of government employees of all departments by 10 percent. According to reports, the NAC is considering reducing the expenditure of ministries/departments by 15 per cent, reducing the number of federal, state ministers and advisors from 78 to 30.

There is hope of getting help from IMF

A decision will be taken on these views by late evening on Wednesday and the committee will send its report to the Prime Minister. The government is finalizing proposals for lower spending as it expects more assistance from the International Monetary Fund (IMF), but the government is hesitating to implement its conditions.

expensive food items

According to Dawn news, major cities like Karachi, Quetta and Lahore are still without electricity. Electricity crisis is also being seen here. Let us tell you that the price of flour in Pakistan has reached the level of Rs 150 per kg. Here the price of 15 kg flour sack is being sold for Rs.2250. Along with this, the price of flour has also reached the level of Rs 145 per kg in Lahore.