ISLAMABAD: Finance Minister Ishaq Dar chaired first meeting of monitoring Committee to oversee implementation of austerity measures here. Meeting reviewed implementation of decisions of Cabinet on austerity measures. Secretary Finance gave presentation on decisions and their implementation status.

It was informed that Ministries are already working on these measures and instructions have been issued for immediate compliance and reporting of any exemption and violation of these decisions.

Committee directed all Principal Accounting Officers to implement 15 percent cut in their current budgets. It was decided that use of tele-conferences must be encouraged for all meetings to save time and expenditure.

Committee conveyed that decision to withdraw use of luxury vehicles by Cabinet members and Government officials be implemented with no exemption in any case.

Finance Minister highlighting challenging economic situation in country stressed all concerned to ensure and expedite implementation of austerity measures with sincerity and devotion in their ranks without any exception.

Published in The Daily National Courier, February, 28 2023

Like Business on Facebook, follow @DailyNCourier on Twitter to stay informed and join in the conversation.