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austerity measures

PM Imran Khan to chair Federal Cabinet meeting today

ISLAMABAD: Prime Minister Imran Khan will chair a meeting of federal cabinet in Islamabad on Thursday (today). The cabinet will discuss a 26-point agenda in the meeting scheduled to begin at 11:00 AM. A briefing on the austerity measures to cut government spending will be the part of the agenda of the meeting, sources said. The meeting will also endorse the Afghanistan and Pakistan Action Plan for Peace and Solidarity, according to reports. Pakistan's petroleum agreements with Saudi Arabia are also an item on the…

PM Imran restricts foreign trips of govt officials

ISLAMABAD: After limiting the foreign tours of the federal cabinet members, Prime Minister Imran Khan on Sunday put restrictions on foreign trips of the government officers.      In pursuance of his government’s policy of adopting austerity measures, PM Imran Khan has decided to authorize embassies to sign pacts on behalf of the government. Now, the ambassadors can sign accords instead of government officials. All the ministries and the divisions are informed about the PM’s decision. As per new directions, the…

PM Imran Khan approves adaptive usage of PM House, 13 other state-owned buildings

ISLAMABAD: Prime Minister Imran Khan has written letters to all governors, chief ministers and federal Ministers under his own signatures for adaptive re-use of public buildings with heritage value, ARY News reported on Tuesday. According to a statement released from PM Office, the PM has stated in these letters that Pakistan is facing a huge economic crisis so the ruling elite cannot afford the ostentatious life style which it was maintaining in the past. The letter states that PM has himself shown the way by choosing…

Argentina’s president announces new austerity measures

BUENOS AIRES: Argentina's president Mauricio Macri announced austerity measures on Monday, including the elimination of government ministries and stiff taxes on exports to reduce budget deficits and stabilise the economy. The centre-right president admitted in a speech to the nation that Argentina was facing "an emergency." "We must confront a fundamental problem: to not spend more than we have, to make efforts to balance the state's accounts," he said in the televised address. He pledged a pared-down government…

No first-class air travel luxury for PM, President in Naya Pakistan

ISLAMABAD: The newly-elected government has banned the discretionary use of state funds and first-class air travel by officials and leaders, including the president and the prime minister. The decisions were taken at a Cabinet meeting, chaired by Prime Minister Imran Khan. "It has been decided that all the top government officials, including the president, prime minister, chief justice, senate chairman, speaker national assembly and the chief ministers will travel in club/business," Information Minister Fawad Chaudhary…