Pakistani cabinet goes without pay as Govt pushes Austerity Measures

2026-03-09 - 14:23

ISLAMABAD – Pakistani federal cabinet is contributing during tough economic times, as top officials decided to give up their salaries for the next two months. The announcement came during a high-level meeting chaired by Prime Minister Shehbaz Sharif, where the government also approved a sweeping nationwide austerity policy designed to cut spending. The crucial meeting brought together the chief ministers of all four provinces along with the prime minister of Azad Jammu and Kashmir, signaling a rare show of unity as leaders worked to craft a coordinated national response to mounting economic pressures and global financial uncertainty. During the session, Federal Finance Minister Muhammad Aurangzeb delivered a detailed briefing outlining the government’s austerity roadmap. He informed officials that the volatile global economic environment has made conservation of petroleum products increasingly critical. According to the briefing, the government plans to enforce strict financial discipline across institutions while introducing measures aimed at significantly reducing public spending. The meeting also focused on ensuring that the burden of austerity does not fall entirely on vulnerable communities. Officials reviewed several proposals aimed at providing relief to low-income and deserving citizens, reflecting the government’s attempt to balance tough fiscal measures with social support. Addressing participants, Prime Minister Shehbaz Sharif warned that the rapidly evolving international economic landscape demands swift and decisive action. He stressed that the timely implementation of austerity measures is essential to protect Pakistan’s economic stability and prevent further financial strain. The premier also assured the gathering that the government is closely monitoring global developments and remains prepared to take additional steps whenever necessary to strengthen the national economy and steer the country through the ongoing economic challenges. Punjab announces advance salaries, pensions ahead of Eidul Fitr 2026 [Check Date]