• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
  • Skip to footer
Trending:
  • Kashmir
  • Elections
Friday, June 12, 2026

Daily Times

Your right to know

  • HOME
  • Latest
  • Iran-Israel war
  • Gilgit Baltistan Election
  • Pakistan
    • Balochistan
    • Gilgit Baltistan
    • Khyber Pakhtunkhwa
    • Punjab
    • Sindh
  • World
  • Editorials & Opinions
    • Editorials
    • Op-Eds
    • Commentary / Insight
    • Perspectives
    • Cartoons
    • Letters to the Editor
    • Featured
    • Blogs
      • Pakistan
      • World
      • Lifestyle
      • Culture
      • Sports
  • Business
  • Sports
  • E-PAPER
    • Lahore
    • Islamabad
    • Karachi

Senate chairman announces austerity measures to save up to Rs 750 million

Published on: March 18, 2026 10:55 AM

Chairman Senate Syed Yousuf Raza Gilani has announced wide-ranging austerity measures, projecting a reduction of more than 50 percent in the Senate Secretariat’s remaining budgetary utilization for the current fiscal year, translating into estimated savings of Rs 700 to 750 million.

The Chairman presided over a high-level meeting at the Senate Secretariat to review and implement austerity measures in light of the prevailing economic situation, focusing on significant cuts in Senate expenditures, beginning with substantial reductions in the budget of the Chairman’s Office.

Adopting a top-down approach to fiscal discipline, the Chairman directed that austerity measures must begin at the highest level.

Accordingly, significant cuts have been ordered in the operational budget of the Chairman’s Office, setting a precedent for all departments to follow.

He issued comprehensive directives for the immediate enforcement of austerity measures across the Secretariat. These include a complete ban on foreign travel, a 50 percent reduction in POL (petrol, oil, and lubricants) consumption, the grounding of 60 percent of official vehicles, a strict ban on non-essential procurements, and the implementation of salary deductions or contributions in line with government policy.

Additionally, administrative arrangements have been introduced for human resource management, including rotation-based pick-and-drop facilities aimed at minimizing operational costs and reducing fuel consumption.

Any future procurement will be subject to review and approval by a dedicated Senate Austerity Committee.

As a result of these measures, the Senate Secretariat expects to reduce more than 50 percent of its remaining budgetary utilization for the current fiscal year, resulting in estimated savings of Rs 700 to 750 million.

Gilani emphasized that public office is a sacred trust requiring the highest standards of financial prudence. He underscored that transparency, accountability, and fiscal discipline must remain the guiding principles in all administrative and financial matters of the Secretariat.

He added that austerity is not merely a policy directive but a collective national responsibility, directing all wings of the Secretariat to ensure strict compliance in order to promote efficiency, responsible governance, and public confidence in state institutions.

Filed Under: Pakistan Tagged With: Senate, Yousuf Raza Gilani

Submit a Comment




Primary Sidebar




Latest News

PTI Internal Dispute

Ali Amin Gandapur Criticizes PTI Statement as ‘Dictatorship’

Karachi Power Outage

Karachi Residents Struggle as Power Outages Continue in Extreme Heat

Hangor-Class Submarine

First China-Built Hangor-Class Submarine Arrives in Karachi

Top African referee Omar Artan to officiate 2026 UEFA Super Cup after being unable to participate in FIFA World Cup 2026.

ODI World Cup 2027 dates announced

Pakistan

PTI Internal Dispute

Ali Amin Gandapur Criticizes PTI Statement as ‘Dictatorship’

Karachi Power Outage

Karachi Residents Struggle as Power Outages Continue in Extreme Heat

Hangor-Class Submarine

First China-Built Hangor-Class Submarine Arrives in Karachi

Agriculture grows 2.89% despite floods

PM Shehbaz approves Pakistan Railways reform roadmap

More Posts from this Category

Business

Khyber pakhtunkhwa budget projected at Rs2.3tr for fiscal year

IMF agrees to drop solar panel tax hike

Pakistan budget 2026-27 unveiled with fiscal targets

Pakistan gold prices drop by over Rs9,000 per tola

Oil prices surge as US-Iran tensions threaten supplies

More Posts from this Category

World

Iran declares April ceasefire meaningless

India demands halt to US ship strikes

Polish president to seek US base deal

More Posts from this Category




Footer

Home
Lead Stories
Latest News
Editor’s Picks

Culture
Life & Style
Featured
Videos

Editorials
OP-EDS
Commentary
Advertise

Cartoons
Letters
Blogs
Privacy Policy

Contact
Company’s Financials
Investor Information
Terms & Conditions

Facebook
Twitter
Instagram
Youtube

© 2026 Daily Times. All rights reserved.

We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.