Saturday, August 13, 2022

There is no financial emergency in the country: Muftah Ismail

Finance Minister Muftah Ismail has said that there is no financial emergency in the country. The Prime Minister will announce an austerity drive to save government spending.

In his statement, he said that the Prime Minister would announce an austerity drive to save government funds.

He said that no financial emergency would be declared in the country.

It may be recalled that a few days ago, in order to deal with the economic crisis, the Prime Minister was suggested to reduce unnecessary expenses in addition to reduction in petrol.

According to sources, the Prime Minister has decided to cut 30 to 40 percent of free petrol and other benefits to members of the federal cabinet and government officials.

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