Prime Minister Shehbaz Sharif and his federal cabinet have taken a significant step towards austerity by voluntarily abstaining from drawing salaries or enjoying any perks, aligning with the government’s push for financial prudence. This resolution was reached during a meeting in Islamabad where various agenda items, including the IMF Staff Level Agreement and the formation of the PIA Holding Company, were discussed.
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President Asif Ali Zardari’s recent decision to forgo his presidential salary set the tone for the government’s commitment to prudent financial management and reducing the burden on the national exchequer. This move underscores a collective effort towards fiscal responsibility amid economic challenges faced by the country.
Stand Against Terrorism and Border Security Measures
During the cabinet meeting, Prime Minister Shehbaz Sharif reiterated the government’s unwavering stance against terrorism, particularly from across the border. Following recent terrorist attacks, including the martyrdom of seven Pakistan Army soldiers in North Waziristan, the government stands firm in its resolve to combat terrorism and ensure national security.
In response to terrorist activities originating from Afghanistan, Pakistan conducted intelligence-based anti-terrorist operations within Afghan border regions. These operations targeted terrorist groups like the Hafiz Gul Bahadur Group, known for its involvement in multiple attacks within Pakistan. The government’s actions underscore its commitment to safeguarding its citizens and combating terrorism through proactive measures.
Economic Policy and Reforms
Federal Finance Minister Muhammad Aurangzeb briefed the cabinet on the Staff Level Agreement with the IMF, emphasizing its potential to enhance the national economy and attract investors’ confidence. Additionally, the approval of the formation of the PIA Holding Company represents a significant step towards the privatization of PIA, aiming to improve efficiency and competitiveness in the aviation sector.
The government’s focus on economic stability and security reflects a comprehensive approach towards addressing key challenges facing the nation. Through prudent financial management, anti-terrorism measures, and economic reforms, the government aims to strengthen Pakistan’s position on both domestic and international fronts.