Tuesday, January 19, 2021

Imran Khan Bans First Class Travel to Checks Pakistan’s Economic Crisis?

Pakistan is on the verge of an economic crisis given its massive current account deficit. The new Prime Minister of Pakistan, Imran Khan on Saturday took a step to challenge the VVIP racism in the country and banned first-class air travel by the President, Prime Minister and other officials of the Pakistan government.

But the question is that are such small measures good enough to prevent Pakistan’s economy from collapsing? Imran Khan was voted into power as being a face of change and he has taken up some strong measures to cut the costs of running the government which deserve appreciation. But will all of this augment to be enough?

The new cabinet of Pakistan has banned discretionary uses of the state funds to alter expenses. The Prime Minister also announced that he will not use a special plane for his foreign visits or for travelling through the nation.

Before this, he moved into a modest three-room apartment with two servants as a part of cost-cutting strategies of the new government. He also decided to avoid an elaborative protocol and decided to keep only two vehicles against the precedent set by the former Prime Ministers.

Pakistan is facing a severe balance of payments problems. Imran Khan in his run to elections promised to take stringent measures to uproot political corruption and take austerity measures to bring the nation’s economy back on track. Pakistan has its eyes on a USD 12 billion bailout package from the International Monetary Fund to solve its balance of payments problems.

Besides improving the nation’s economy, Imran Khan has also vowed to maintain strong relations with all neighbours. Pakistan has shown intent to resolve issues with India and has offered constructive dialogue with India.

The cabinet also discussed the possibilities of a six-day working schedule in a week but resorted to the five-day schedule after some resentment. One of the major challenges for the new cabinet is to revive Pakistan’s economy. All the measures need to be taken with an immediate effect.

More News at EurAsian Times


Pakistani Anchor Grilled Over Pro-India Comments; Pak Celebrities Come To The Rescue

Pakistani TV presenter Iqrar ul Hassan Syed, who hosts the popular show, 'Sar-e-Aam', on ARY News, has come under fire for hailing India as...

Battle of Kashmiri Queens: Queen Didda To Take On The Last Hindu Queen Of Kashmir Kota Rani In The Clash Of Bollywood

As Bollywood plans to make biopics on two female rulers of Kashmir -- Queen ‘Didda’ and the last Hindu queen, ‘Kota Rani’ -- nobody...

UN Under Fire For Leaking Info On Uighur, Tibetan & Hong-Kong Activists To China

The UN Human Rights Office is under fire for sharing the names of Chinese government opponents, including Uighur activists, Tibetans and Hongkongers, who took...

Indian Air Force Bets Big On Russian Jets; Set To Acquire More MiG-29, Su-30 MKI Fighters – Reports

The Indian Air Force is set to procure 21 MiG-29s and 12 Sukhoi-30 MKI fighter jets from Russia. This development comes after the Indian...

UK, Germany, France Warn Iran Against Starting Work On Nuclear Program

Tensions between Iran and the EU nations including the UK, Germany and France have reached a fever pitch over Tehran’s decision to accelerate nuclear...