Pakistan Prime Minister Shehbaz Sharif on Saturday approved salary cuts ranging from 5 to 30 per cent for employees of state-owned enterprises and autonomous institutions as part of a wider austerity drive to address the economic fallout of the ongoing fuel crisis.
The decision was taken during a high-level review meeting chaired by the prime minister to assess austerity and savings measures announced earlier this week after the sharp rise in fuel prices linked to the ongoing US-Israel-Iran conflict.
