New Delhi, April 2 (IANS) Pakistan’s provincial governments have agreed to share the financial burden of a fuel subsidy announced by Prime Minister Shehbaz Sharif, as the country grapples with rising global oil prices triggered by the ongoing conflict in the Middle East, a report has said.The decision comes at a time when international petroleum prices have surged due to supply disruptions, with the conflict now entering its fifth week, according to a report by Business Recorder.While it remai…
Latest Austerity Measures News & Updates
New Delhi, March 12 (IANS) Amid deepening economic crisis as West Asia conflict rages, Pakistan has announced a series of temporary austerity measures aimed at reducing government expenditure and conserving fuel, according to a report.Pakistan’s state-owned Radio Television of Afghanistan (RTA) said that among the steps announced are reductions in fuel allocations for government vehicles and temporary cuts to salaries and allowances of public officials.Fuel allocations for government vehicles wi…