PM Shehbaz urges country: To address inflation and the nation’s economic crisis, Prime Minister Shehbaz Sharif has suggested implementing austerity measures.
The prime minister and the cabinet members expressed their perspectives on ways to lower inflation during a meeting of the cabinet on Wednesday.
Sharif emphasised the value of looking ahead and making sensible choices as opposed to wallowing in the past. He continued by saying that the coalition government is coming together to meet a challenging challenge and make crucial decisions.
The government’s bureaucracy also vowed to support the austerity measures taken by the government by making sacrifices and acting simply. “Sharif stated that they are willing to switch from business to economy class if necessary.”
The recommendation for austerity measures comes as Pakistan struggles with inflation, which is driving up the price of basic commodities and services.
Both local and foreign stakeholders will be closely monitoring the government’s response to the country’s economic problems because it will have a big impact on Pakistani residents’ well-being and the stability of the economy.