Staff Report
ISLAMABAD: Ishaq Dar, Federal Minister for Finance and Revenue, Monday stressed all the concerned to ensure and expedite austerity measures implementation with devotion and sincerity in their ranks without any exception.
Chairing the first meeting of the Monitoring Committee to oversee the implementation of austerity measures, the minister highlighted the challenging economic situation in the country, said a press statement issued by the Finance Ministry.
The Committee reviewed the implementation process of the decisions of the Cabinet on austerity measures.
Finance Secretary Presentation on implementation process
On this occasion, Secretary Finance gave a presentation on the decisions and their implementation status. He informed the Committee that Ministries/Divisions were already working on these measures and instructions had been issued for immediate compliance and reporting of any violation of these decisions.
The statement added that the committee directed all Principal Accounting Officers (PAOs) to implement a 15 percent cut in their current budgets. In the meeting, it was decided that the use of teleconferences must be encouraged for all meetings to save time and expenditure.
The Committee conveyed that the decision to withdraw the use of luxury vehicles by the government officials and Cabinet members be implemented with no exemption in any case.
