PM Shehbaz vows to abolish all ministries, departments burdening exchequer

ISLAMABAD: Prime Minister Shehbaz Shahrif has vowed to abolish all institutions, ministries and departments that have become a burden on the exchequer, saying that this move alone will save tax payers’ billions of rupees and put the country on the path of prosperity.

“The abolishment of all ministries and department which, instead of serving [nation], have become a burden on the masses is indispensable,” the premier stated while addressing the nation on Saturday.

“When we came to power, the economic condition at that time, was in front of everyone and we saved the country from default,” the premier said.

The PM gave credit to the last Pakistan Democratic Movement (PDM) alliance and the top leaders of Pakistan Peoples Party (PPP) including President Asif Ali Zardari and Bilawal Bhutto Zardari for pulling the country out of difficult economic situation.

Appreciating his government’s prudent economic policies, PM Shehbaz said the country was now moving on a path of progress after coming out of economic difficulties.

“However, this way is not only difficult and long but also requires sacrifice from higher-ups in the government and the elite. The entire nation’s eyes are set on the government to see how it steers Pakistan out of the economic crisis and brings about a revolution of prosperity in the country,” he added.

PM Shehbaz said that since he retook the reins of the country with the help of people’s support in form of votes and trust, inflation had dropped to 12% from 38% as a result of the government’s policies.

Similarly, he said, that the interest rate on loans had been slashed to 20.5% from previous 22%.

“This would promote investment and cut down the volume of Pakistan’s loans and the country would walk down the path of prosperity at a greater pace,” PM Shehbaz said.

More to follow…