Austerity Drive

Salary Cuts to Trip Ban: How Middle-East Crisis Has Pushed Pakistan into Austerity Drive | Exclusive

Pakistan is facing one of its toughest economic challenges in recent years, as the ongoing Middle-East crisis has forced the country into a sweeping austerity drive. From salary cuts for government employees to restrictions on official foreign trips, Islamabad is tightening its belt to cope with dwindling remittances, rising energy costs, and declining foreign reserves….

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