The prime minister spoke to the media himself to unveil the austerity measures approved by the federal cabinet and expressed the hope that the government would be able to take the masses out of the current economic crisis. “There will be more inflation in the country,” he cautioned. However, he added that the government was taking measures to mitigate the sufferings of the poor, by continuing various subsidies for them.
Unveiling decisions of the federal cabinet, Shehbaz detailed an ambitious austerity plan at the federal government level to save Rs200 billion annually by slashing expenditures. He stressed that the austerity measures would yield far-reaching results.
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