The federal government has decided to continue its austerity measures during the current fiscal year as part of efforts to control public expenditure and improve fiscal discipline. Read More: Federal cabinet approves PASCO closure plan According to official sources, the federal cabinet has approved the continuation of cost-cutting measures introduced in previous years. Following the decision, […]
austerity measures
Government cuts ministers’ petrol quota under austerity drive
ISLAMABAD: The federal government has reduced the monthly petrol quota and other privileges available to ministers as part of its ongoing austerity campaign aimed at cutting public expenditure and promoting financial discipline. Federal Minister for Law and Justice Azam Nazeer Tarar said the monthly petrol quota for federal ministers has been slashed from 400 litres […]
Government extends austerity measures, allows longer store hours
The federal government has extended fuel conservation and austerity measures that were set to expire on June 13 until June 30, while also relaxing operating hours for essential retail outlets. The decision aims to balance energy-saving goals with public convenience during the ongoing summer season. In a key adjustment, standalone grocery and kiryana stores are […]
Government extends austerity measures until June 30
The federal government has extended its austerity and fuel conservation measures until June 30 while approving revised operating hours for businesses as part of ongoing efforts to manage energy consumption and reduce fuel usage. The decision was made during a meeting of the Committee for Monitoring and Implementation of Fuel Conservation and Additional Austerity Measures, […]
Federal govt sets revised operating hours for businesses under austerity measures
The federal government has announced revised operating hours for businesses across Pakistan under its ongoing austerity and fuel conservation measures, directing provincial governments to ensure implementation of the new schedule. Read More: Government revises market closing timings According to an official notification issued on Wednesday, shops, markets, shopping malls and general retail outlets will be […]
PM extends austerity measures until June 13
Prime Minister Shehbaz Sharif has extended Pakistan’s nationwide austerity and fuel conservation measures until June 13, citing continued uncertainty caused by the ongoing Middle East conflict and its impact on global markets and supply chains. Read More: Pakistan extends austerity drive amid rising regional tensions According to a Cabinet Division notification issued on Monday, the government will […]
Punjab enforces austerity measures: malls to close at 8pm, restaurants at 10pm
The Punjab government, under the directive of Chief Minister Maryam Nawaz, has implemented a series of austerity measures aimed at reducing state expenditures across the province. Read More: PA implements comprehensive austerity measures According to an official notification, shops, markets, and shopping malls across Punjab, including Lahore, will close by 8:00 pm, while wedding halls and […]
Punjab schools to reopen from April 1
LAHORE – Punjab Education Minister Rana Sikandar Hayat on Monday announced that all schools across Punjab will reopen from April 1, following a temporary closure imposed due to rising fuel costs linked to the Middle East crisis. Read More: Punjab ‘mulls’ over extending school holidays The provincial government had earlier ordered the shutdown of educational institutions from March […]
Senate surrender Rs265 million to support austerity drive
ISLAMABAD: Senate Chairman Yousuf Raza Gilani on Friday approved the surrender of Rs265 million to the national exchequer as part of efforts to support the government’s ongoing austerity drive amid economic pressures. Read More: 25 vehicles of PA grounded as part of austerity drive The move follows austerity measures announced earlier this month by Prime Minister […]
Pakistan cuts development budget by 10% to fund fuel subsidy
ISLAMABAD — The government of Pakistan has reduced the current fiscal year’s development budget by 10%, trimming the Public Sector Development Programme (PSDP) from Rs1,000 billion to Rs900 billion, with the savings earmarked for austerity measures and fuel subsidies, The News reported on Thursday. Read More: Pakistan proposes Rs4,083 billion national development budget The decision comes amid […]