Cabinet members including Prime Minister Shehbaz Sharif have decided not to take salaries and benefits voluntarily.
A federal cabinet meeting was held under the chairmanship of Prime Minister Shehbaz Sharif, in which the Cabinet members including the Prime Minister have decided not to take salaries and other benefits as well.
Pakistan is going through rough stages due to which they have decided not to take their salaries as well as other benefits as it will little bit to the country’s economy.
On February 8 in Pakistan, general elections was held for making government of Pakistan. So PMLN party won major seats and as a result Shehbaz Sharif from PMLN becomes Pakistan Prime Minister for the second time in a row.
Also in this meeting, finance Minister Muhammad Aurangzeb gave a detailed briefing to the Cabinet on the Staff Level Agreement with the IMF.
He said that the agreement with the IMF will improve the economy, which is expected to further increase investor confidence.
Pakistan is hopeful for agreement with IMF as the new government needs capital for improving economy of the country.
Cabinet approves creation of Pakistan International Airlines Holding Company, a major step towards privatization of Pakistan International Airlines Holding Company PIA.
The creation of the Pakistan International Airlines Holding Company marks a significant move towards privatization of Pakistan International Airlines (PIA). This holding company structure likely involves consolidating PIA’s assets and subsidiaries under one umbrella entity, which could streamline operations and make the privatization process more manageable.
By creating a holding company, the government may aim to attract private investors and improve the efficiency and competitiveness of PIA in the aviation industry.
Also the Federal Cabinet in Pakistan paid tribute to the brave individuals who lost their lives in the tragic Mir Ali terror attack. They honored their memory by reciting Fatiha, a prayer from the Quran, as a sign of respect and solidarity with the victims’ families.
Furthermore, the Cabinet emphasized its unwavering resolve to eliminate terrorism entirely from the country. This solemn act underscores the government’s commitment to ensuring the safety and security of all citizens and upholding peace within Pakistan.