Employees of SOEs, other govt-supervised bodies to face 5-30pc salary cut as part of austerity measures: PMO

Employees of state-owned enterprises (SOEs) and autonomous institutions under government patronage would see their salaries cut by five to 30 per cent under the government’s austerity measures, which would go towards public relief, it was decided on Saturday. The move adds to a host of austerity measures announced by Prime Minister Shehbaz Sharif on Monday in view of the global oil crisis triggered by the US-Israel war on Iran, which has hiked local fuel prices. On Saturday, PM Shehbaz chaire...

By none@none.com (News Desk)