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PAKISTAN AUSTERITY MEASURES
Fire or ice: Why a ceasefire in the Gulf cannot holdAs the specter of renewed conflict between the US and Iran looms, the Strait of Hormuz stands at the center of this brewing storm. A fresh ...13 May, 2026, 12.45 PM IST- Pakistan extends countrywide austerity drive after US, Iran fail to strike dealPakistan Prime Minister Shehbaz Sharif has extended nationwide austerity measures until June 13 amid continuing uncertainty over the Iran c...12 May, 2026, 09.49 AM IST
- Air India delays salary hikes, pushes cost cuts amid volatile FY26 outlookAir India is tightening its belt. Facing global challenges, the airline is cutting costs. This move comes after significant expansion. Mana...09 May, 2026, 01.06 AM IST
- How Asia-Pacific is fighting a fuel shock that could get worseAsian nations are grappling with prolonged energy supply strains due to the Middle East conflict, prompting governments to implement costly...28 Apr, 2026, 07.52 AM IST
- No fans, no fireworks as Pakistan T20 league begins with a hushThe Pakistan Super League has commenced in Lahore with matches played without spectators. Organisers cited the war in the Middle East and P...27 Mar, 2026, 02.07 PM IST
- Pakistan PM approves up to 30% salary cuts in state firms amid fuel crisisPakistan's Prime Minister Shehbaz Sharif has approved salary cuts for employees of state-owned firms. Deductions will range from five to th...14 Mar, 2026, 06.55 PM IST
- Pakistan PM orders ban on red carpets at official eventsExpressing dissatisfaction with the practice of laying out red carpets during the visits of federal ministers and senior officials, the Pri...31 Mar, 2024, 07.05 AM IST
- Austerity measures hit Pakistan Day as military parade scaled backOn the 83rd Pakistan Day, Prime Minister Shehbaz Sharif stated that "political chaos" was the main reason for the country's economic instab...23 Mar, 2023, 11.44 AM IST
- 'No luxury cars, no 5-star hotel stay': Pak ministers to forgo pay, perks for IMF bailoutCash-strapped Pakistan is taking several drastic austerity measures to ensure compliance with conditions set by the International Monetary ...22 Feb, 2023, 11.48 PM IST
- Pak government orders Foreign Office to slash missions abroad as part of austerity measures: ReportIn a directive titled "Rationalisation of Foreign Mission Abroad" issued by the Prime Minister's Office (PMO) on Tuesday, Sharif also deman...22 Feb, 2023, 03.48 PM IST
- Pakistan Defence Minister confesses country is already bankrupt, says selling golf clubs could pay off one-fourth debt"Pakistan has already defaulted and we are living in a bankrupt country. Everyone including the establishment, bureaucracy, and politicians...19 Feb, 2023, 11.49 AM IST
- COVID-19: IMF approves nearly $1.4 billion to Pakistan to meet balance of payment crisisThe International Monetary Fund's (IMF) decision comes at the request of Pakistan, which faces an urgent balance of payment crisis. This is...17 Apr, 2020, 01.47 PM IST
- Pakistan government launches its own mineral water to cut costsMinister for Science and Technology Fawad Chaudhry said the bottled water called Safe Drinking Water would be a cheaper alternative to othe...01 Sep, 2019, 01.25 PM IST
- Pakistan PM powerless unless he pays up?Austerity measures surely do not include leaving outstanding electricity bills unpaid.30 Aug, 2019, 08.14 AM IST
- Pakistan slashes non-salary budget by 10%The Express Tribune reported that the move will help save nearly Rs 10 billion in the remainder period of fiscal year (2018-19) but would n...05 Dec, 2018, 02.49 PM IST
- Imran Khan opts for simple oath ceremony, not to invite foreign leadersHis party had initially planned to invite several foreign leaders and personalities, including Prime Minister Narendra Modi.03 Aug, 2018, 10.00 AM IST
- Pakistan criticized over $7.6 billion IMF bailoutAnalysts and opposition leaders warned Sunday that Pakistan's decision to borrow $7.6 billion from the International Monetary Fund to stabi...16 Nov, 2008, 11.07 AM IST
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