Crisis-hit Pakistan cuts 150K jobs, dissolves 6 ministries TOI WORLD DESK — Times of India

Pakistan is set to reduce administrative expenditures by cutting 150,000 government jobs and closing six ministries as part of an IMF-backed $7 billion loan deal. Finance Minister Muhammad Aurangzeb stressed the importance of implementing policies to formalize the economy and increase tax revenues, aiming for this to be Pakistan’s final IMF program.Pakistan is set to reduce administrative expenditures by cutting 150,000 government jobs and closing six ministries as part of an IMF-backed $7 billion loan deal. Finance Minister Muhammad Aurangzeb stressed the importance of implementing policies to formalize the economy and increase tax revenues, aiming for this to be Pakistan’s final IMF program. …Read More