Pakistan Plans Work From Home, Shut Shops in Austerity Drive
- High energy cost, inflation bite hard as forex reserves fall
- The nation’s economic condition worsens amid IMF loan delay
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Pakistan has announced a slew of austerity measures, including plans to shut down markets and shopping centers early and asking government employees to work from home to save energy costs amid an ongoing economic crisis.
“The country is passing through a critical situation,” Defense Minister Khawaja Asif told reporters Tuesday after the federal cabinet approved the proposal. The nation cannot afford to sustain the current levels of power consumption, he added.