šØ WAR TENSIONS RISING ā PAKISTAN TAKES EMERGENCY MEASURES: šµš°
Pakistanās Prime Minister Shehbaz Sharif addressed the nation and announced a nationwide austerity campaign as global war tensions and rising fuel prices put pressure on the economy.
Key Measures Announced:
š¹ Government fuel usage will be reduced by 50% for two months
š¹ Salaries of senior officials (Grade-20 and above) will face two-day salary deductions
š¹ Parliament membersā salaries and allowances cut by 20%
š¹ Ministers and advisors will give up two months of salary and foreign trips are suspended
š¹ 60% of government vehicles grounded and no new vehicles purchased until June 2026
š¹ Government offices to operate with 50% staff and work-from-home policy
š Education Impact:
In Punjab, schools, colleges, and universities will remain closed from March 10 to March 31, with online classes replacing physical attendance.
š¦ Meanwhile, the State Bank of Pakistan kept the interest rate unchanged at 10.5%, reflecting concerns about inflation and economic stability.
š With geopolitical tensions rising globally, markets remain volatile and economic uncertainty continues.
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