Pakistan to slash govt employee's salaries by 10 percent

Islamabad: Pakistan is considering slashing the salaries of government employees by 10 percent across the board, amid a deepening economic crisis in the cash-strapped country. Pakistan is grappling with one of the country's worst economic crises in recent years amid dwindling foreign exchange reserves. 

According to media reports, the National Austerity Committee constituted by Prime Minister Shehbaz Sharif is also considering cutting down expenditures



of ministries by 15 percent, reducing the number of federal Ministers, Ministers of State, and advisers.

Pakistan revived a stalled six billion-dollar IMF programme last year which was initially agreed upon in 2019 but is finding it hard to meet the tough conditions of the global lender. There are reports that the IMF may not release more funds under the programme until the pledges made by the government are met.