Prime Minister Shehbaz Sharif has approved salary deductions of 5% to 30% for employees of state-owned enterprises (SOEs) and autonomous institutions as part of an austerity drive to mitigate the fallout from the ongoing Middle East war.
According to an official statement issued by the PM Office, the prime minister chaired a high-level meeting to review the impact of fuel price fluctuations and the implementation of government austerity measures on Saturday. The review meeting was held days after PM Shehbaz announced the wide-ranging austerity and savings plans to deal with the prevailing global fuel crisis triggered by the ongoing US-Israel-Iran conflict.
