AGL 39.18 Decreased By ▼ -0.82 (-2.05%)
AIRLINK 127.70 Decreased By ▼ -1.36 (-1.05%)
BOP 6.86 Increased By ▲ 0.11 (1.63%)
CNERGY 4.69 Increased By ▲ 0.20 (4.45%)
DCL 8.42 Decreased By ▼ -0.13 (-1.52%)
DFML 41.20 Increased By ▲ 0.38 (0.93%)
DGKC 82.20 Increased By ▲ 1.24 (1.53%)
FCCL 33.15 Increased By ▲ 0.38 (1.16%)
FFBL 74.20 Decreased By ▼ -0.23 (-0.31%)
FFL 11.81 Increased By ▲ 0.07 (0.6%)
HUBC 109.99 Increased By ▲ 0.41 (0.37%)
HUMNL 14.10 Increased By ▲ 0.35 (2.55%)
KEL 5.24 Decreased By ▼ -0.07 (-1.32%)
KOSM 7.56 Decreased By ▼ -0.16 (-2.07%)
MLCF 39.09 Increased By ▲ 0.49 (1.27%)
NBP 63.68 Increased By ▲ 0.17 (0.27%)
OGDC 192.75 Decreased By ▼ -1.94 (-1%)
PAEL 25.60 Decreased By ▼ -0.11 (-0.43%)
PIBTL 7.28 Decreased By ▼ -0.11 (-1.49%)
PPL 153.10 Decreased By ▼ -2.35 (-1.51%)
PRL 25.50 Decreased By ▼ -0.29 (-1.12%)
PTC 17.51 Increased By ▲ 0.01 (0.06%)
SEARL 81.80 Increased By ▲ 3.15 (4.01%)
TELE 7.67 Decreased By ▼ -0.19 (-2.42%)
TOMCL 33.49 Decreased By ▼ -0.24 (-0.71%)
TPLP 8.43 Increased By ▲ 0.03 (0.36%)
TREET 16.39 Increased By ▲ 0.12 (0.74%)
TRG 56.55 Decreased By ▼ -1.67 (-2.87%)
UNITY 27.58 Increased By ▲ 0.09 (0.33%)
WTL 1.35 Decreased By ▼ -0.04 (-2.88%)
BR100 10,501 Increased By 55.8 (0.53%)
BR30 31,116 Decreased By -73.5 (-0.24%)
KSE100 98,183 Increased By 385.1 (0.39%)
KSE30 30,654 Increased By 173.6 (0.57%)

It is good to know that the finance division has effectively dispelled misperceptions about the budget and expenditure figures for Prime Minister's Office. The detractors of PTI government are therefore required to understand that PM Office has actually reduced its expenditure by 32 percent during the FY 2018-19. Its next year budgetary allocation is 12 percent less than the budget for 2018-19. It is expected that the coordinated effort to bring austerity through rationalisation of current federal expenditures would continue in future under the high standards set by the PM Office, based on the PM's vision of cutting down expenditures.
We all know that the nation is facing a profound economic situation in which people's living standards have to be reduced because of economic difficulties. Austerity and simplicity: these pillars remain as priorities in PM Imran Khan's economic strategy.

Copyright Business Recorder, 2019

Comments

Comments are closed.