Monday, September 30, 2024

Govt to Eliminate 150,000 Vacant Posts to Cut Expenses

Federal Minister for Finance and Revenue, Muhammad Aurangzeb, has announced a major restructuring plan aimed at cutting down government expenditures. This plan includes the elimination of 150,000 vacant positions across various government departments, along with the dissolution of the Capital Administration and Development Division (CADD) ministry. Additionally, two other ministries will be merged as part of this cost-cutting effort.

The federal cabinet has approved this decision, which is expected to significantly ease the financial burden on the government. By eliminating 60% of these unfilled posts, the government hopes to streamline its operations and make more efficient use of public resources.

The restructuring is being overseen by a special rightsizing committee, headed by Minister Aurangzeb. In the first phase, six ministries were reviewed for potential reductions, with more expected to undergo the same process in the coming months. A government spokesperson has also confirmed that even high-ranking officials may face job cuts as part of this plan.

This move is part of a broader strategy to restructure the public sector and reduce unnecessary expenses, following the directives of Prime Minister Shahbaz Sharif. The government aims to make the public sector more efficient, reducing wasteful spending and improving financial discipline at a time when the country faces significant economic challenges.

The restructuring is seen as an important step in improving Pakistan’s fiscal health, ensuring that resources are allocated more effectively and reducing the burden on taxpayers. More changes in government departments are expected as the rightsizing process continues.

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