Eminent Justice of Pakistan Qazi Faez Isa, proper, administers the word of place of business to newly elected President Asif Ali Zardari throughout a rite on the Presidential Palace, in Islamabad, Pakistan on March 10, 2024.
| Photograph Credit score: AP
Pakistanâs newly-elected President Asif Ali Zardari on March 13 introduced that he would now not draw any wage throughout his tenure as a part of his bid to assistance the cash-strapped nation face the difficult financial adversity.
Mr. Zardari, 68, who took oath as Pakistan’s 14th President on Sunday, made up our minds to inspire prudent monetary control and now not burden the nationwide exchequer, his Pakistan Peoples Birthday party (PPP) mentioned in a observation on X.
âThe President regarded as it crucial to not burden the nationwide exchequer and most well-liked to forgo his wage,â President Secretariat Press Wing mentioned in a press let fall on Tuesday.
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Former president Arif Alvi was once drawing Rs 8,46,550 in line with future, which was once fastened via Parliament in 2018. Mr. Zardari is likely one of the richest politicians in Pakistan.
Mr. Zardari, co-chairman of the PPP, took word as President of Pakistan for a 2nd time period at a rite at Aiwan-i-Sadr in Islamabad on Sunday.
One by one, Inner Minister Mohsin Naqvi, following the stairs of Mr. Zardari, additionally made up our minds to forego his wage time in place of business mentioning the commercial demanding situations confronted via the rustic.
Getting to X, Mr. Naqvi mentioned that he dedicated to serving the people in difficult instances “in every possible way”.
Mr. Naqvi mentioned that he has made up our minds to forego his wage throughout the tenure. “In these challenging times, committed to supporting and serving our nation in every possible way,â he said in an X post.
Debt-struck Pakistan has been reeling under economic pressure with the price of commodities touching sky-high prices.
The newly elected government needs a new loan from the International Monetary Fund on an urgent basis, and its politicians, who are often super-rich, use such tactics to win support from the impoverished masses.
In February last year, the Cabinet of then-prime minister Shehbaz Sharif gave up their salary and other perks to help the country tackle its possible default on external liabilities.
Addressing the maiden cabinet meeting after inducting 19 members on Monday, Prime Minister Sharif said that the first test of the cash-strapped country’s newly-elected government is to rein in inflation and prices of food items.
Mr. Sharif, who was elected for a second term on Sunday, said that bringing inflation under control is the biggest challenge, however, the government together with the provincial administrations would consider ways how to manage the prices of the essentials.
âThis is our first test,â he said.
Mr. Sharif said Pakistan is facing massive challenges and a âdeep surgeryâ is required to pull the cash-strapped country out of the economic crisis.
Taking stock of the issues and problems affecting the economy and the country, the Prime Minister asked his Cabinet members to âperform or perishâ, saying that the time is ânow or neverâ.
Mr. Sharif said the government should make difficult decisions without wasting any time. âDeep surgery is needed as antibiotics will not work,â he said.
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He directed the quick formation of a committee to keep watch over the costs of crucial meals pieces.
He emphasized that strict motion could be taken towards unjustified worth will increase and profiteering in crucial commodities.
According to a advice via the Ministry of Trade, the Cupboard additionally authorized a restriction at the export of onions and bananas till the fifteenth of after future.
