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Tue, January 7, 2025
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1,50,000 jobs cuts in Pakistan: Here's why India's neighbour abolishing 60% of vacant positions

1,50,000 jobs cuts in Pakistan: Here's why India's neighbour abolishing 60% of vacant positions


Published on 2025-01-07 11:40:46 - MSN
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  • To combat financial challenges, Pakistan will abolish 60% of vacant positions and cut 150,000 jobs. The government is consolidating departments and transferring hospitals to provincial control, focusing on reducing expenditures and enhancing operational efficiency.

The Pakistani government has decided to abolish approximately 1.5 lakh (150,000) vacant government positions as part of a broader austerity measure aimed at reducing public expenditure. This decision, which affects 60% of all unfilled posts, was announced by Pakistan's Finance Minister, Muhammad Aurangzeb, in response to the country's dire economic situation, characterized by high inflation, a depreciating currency, and dwindling foreign reserves. The move is intended to streamline government operations, reduce the fiscal deficit, and comply with the conditions set by the International Monetary Fund (IMF) for a bailout package. Critics argue that this could lead to increased unemployment and further economic strain on the populace, while supporters believe it's a necessary step towards economic recovery and fiscal responsibility.

Read the Full MSN Article at:
[ https://www.msn.com/en-in/politics/government/1-50-000-jobs-cuts-in-pakistan-here-s-why-india-s-neighbour-abolishing-60-of-vacant-positions/ar-AA1x74tD ]
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