Monday, April 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

Featured News

Why India Would Be “Keenly Awaiting” Iranian Response To Israeli Cyberattack On Its Nuclear Facility?

Why is India growing apprehensive of China's cyber-warfare capabilities? Recently, Indian Chief of Defense Staff General Bipin Rawat said that China has the capability...

As China ‘Attacks’ Japan Over Fukushima Issue & Disputed Islands, PM Suga To Meet US President Biden

Japanese PM Yoshihide Suga is in Washington for talks with US President Joe Biden amid China's mounting criticism of Tokyo's plan to release Fukushima...

How QUAD Allies India & Japan Are Making Andaman Islands A Key Military Hub To Checkmate China

India and Japan which are part of the QUAD block seem to have joined hands in the Indian Ocean region. India's strategically-located Andaman &...

China To Conduct Most Rapid Expansion Of Nuclear Weapons & Delivery Mechanism Ever — US Report

China will continue its efforts to spread its influence, undercut that of the United States, drive wedges between Washington and its allies and partners,...

As India ‘Rethinks’ S-400 Acquisition, Russia Puts ‘Everything On Table’ For Pakistan

As India could be re-evaluating its stand on acquiring the Russian S-400 air defense system fearing US sanctions, its rival Pakistan may have quietly...