1,50,000 jobs cuts in Pakistan: Here’s why India’s neighbour abolishing 60% of vacant positions
Live MintFor the second time in less than six months, Pakistan has decided to abolish 60% of vacant positions in order to reduce the federal government's size and expenses amid ongoing financial crisis. “The federal government has decided to cut the number of affiliated agencies by half, abolishing 150,000 jobs,” reported PTI, quoting Finance Minister Muhammad Aurangzeb. He said that the six ministries that the government had initially selected for right-sizing included Kashmir Affairs and Gilgit-Baltistan, States and Frontier Regions, IT and Telecom, Industries and Reproduction, National Health Services and Capital Development Authority. On plans to transfer hospitals to provincial administrations, the minister said that “This is not just about cutting costs; it’s about improving efficiency.” Aurangzeb said that the government’s focus on macroeconomic stability helped the key indicators to improve and Pakistan was standing at a promising economic juncture due to various government efforts.
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Pakistan unemployment at its peak: Over 10 lakh lost jobs in past few months amid economic slowdown
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