Thursday, May 22, 2025
No Result
View All Result
The AZB More Than Just News
  • HOME
  • Latest News
  • Business
  • PAKISTAN
  • SPORTS
  • WORLD
  • E-Paper
  • SCI-TECH
  • BANKING
  • ARTICLES
  • OPINION
  • MORE
    • MOBILE
    • TELECOM
    • PERSONALITY
    • HEALTH / EDUCATION
  • HOME
  • Latest News
  • Business
  • PAKISTAN
  • SPORTS
  • WORLD
  • E-Paper
  • SCI-TECH
  • BANKING
  • ARTICLES
  • OPINION
  • MORE
    • MOBILE
    • TELECOM
    • PERSONALITY
    • HEALTH / EDUCATION
No Result
View All Result
Daily The Azb
No Result
View All Result
Home PAKISTAN Karachi

Provinces should also cut costs: Mian Zahid Hussain.

News Desk
August 23, 2024
Sale of substandard and counterfeit medicines is rising.
Share on FacebookShare on Twitter

Karachi Pakistan : The Chairman of the FPCCI Advisory Board and National Business Group Pakistan, President Pakistan Businessmen and Intellectuals Forum, and All Karachi Industrial Alliance, as well as former provincial minister Mian Zahid Hussain, said on Friday that the government’s decision to reduce expenditure is worthy of appreciation.

A reduction in government expenditure is important to revive the country’s economy; without it, economic development is impossible, he said.

Mian Zahid Hussain stated that the people’s condition is deteriorating due to the continuous increase in taxes, but the government’s income is not improving because its expenses are continuously increasing.

Talking to the business community, the veteran business leader said that the continuous increase in expenditure is not only happening in the current government, but it has been going on for the last several decades, and no government has tried to reduce the expense.

Instead, all governments have increased their dependence on loans, causing the country to reach the bankruptcy threshold.

Mian Zahid Hussain said that it is possible to reduce people’s problems only by reducing expenses, as it will produce other positive results.

He said that the PM had announced the elimination of one and a half lakh posts, the impending closure of several institutions or their mergers, and the imposition of a ban on new recruitments.

On the one hand, it has been decided to close the National Information Technology Board; on the other hand, it has been decided to speed up the process of privatisation of institutions, which is welcome because the failed institutions are causing a loss of trillions of rupees to the country every year.

According to Mian Zahid Hussain, the Prime Minister has decided to increase the Gwadar port’s activity and suggested that the port should handle half of the cargo, thereby alleviating the pressure on the Karachi port.

The PM has also announced necessary steps, setting a target of fifty billion dollars for IT exports.

The business leader stated that due to a shortage of employees and institutions, there is a pressing need to reduce the size of the cabinet, which is significantly larger than that of developed countries, thereby wasting billions of rupees.

He advocated for the withdrawal of free electricity, gas, and telephone facilities for government officials, the reduction of other privileges, and a reminder to the ministers that they are the representatives and servants of the people, not the rulers.

He further stated that if the government is slow to reduce its expenses and if the provinces do not cooperate, the economy and people’s condition will continue to deteriorate.

Commoners, experts, and companies will continue to leave the country, and under no circumstances will the flow of capital cease.

As a result of the increase in inflation and poverty, unrest will increase, and no foreign company will be ready to invest in Pakistan, so the central and provincial governments should try their best to reduce their expenses to improve the overall situation, he demanded.

News Desk

News Desk

Welcome to our web desk! We're a dedicated team of digital enthusiasts passionate about delivering timely and engaging content to our online audience.

Related Posts

JS Investments and Gohar Developers Launch Pakistan’s First Shariah-Compliant Green Hotel REIT
Abbottabad

JS Investments and Gohar Developers Launch Pakistan’s First Shariah-Compliant Green Hotel REIT

May 21, 2025
Islamabad to Launch First Theme Park, Ferris Wheel, and Cable Car
Headline

Islamabad to Launch First Theme Park, Ferris Wheel, and Cable Car

May 21, 2025
FIR Lodged Against Arnab Goswami Over Alleged Fake News on Congress-Turkey Link
Headline

FIR Lodged Against Arnab Goswami Over Alleged Fake News on Congress-Turkey Link

May 21, 2025
PTA Chairman Accuses Senator Aimal Wali of Drug Use During Senate Clash
Headline

PTA Chairman Accuses Senator Aimal Wali of Drug Use During Senate Clash

May 21, 2025
Business

Gold Prices Soar by Rs6,600 per Tola Amid Global Surge

May 21, 2025
We Will Unlock Far-Reaching Benefits
Headline

We Will Unlock Far-Reaching Benefits

May 21, 2025
SAPM for Industries & Production Visits SECP
Business

SAPM for Industries & Production Visits SECP

May 21, 2025
KATI Lauds Government for Saving Rs1.4 Trillion Through IPPs Contract Revisions
Business

KATI Congratulates Army Chief General Asim Munir on Promotion to Field Marshal Rank

May 21, 2025
SECP registered 3,024 new companies in November 2024, marking the highest monthly number.
Business

CCP Slaps Rs. 5 Million Penalty on British Lyceum for Misleading Advertisement

May 21, 2025
Martin Dow Contributes to the Development of First National Guidelines on Adult Constipation
Business

Martin Dow Contributes to the Development of First National Guidelines on Adult Constipation

May 21, 2025
Next Post
The Federal Minister for Commerce,Mr.Jam Kamal Khan visited the Federation of Pakistan Chamber of Commerce and Industry.

The Federal Minister for Commerce,Mr.Jam Kamal Khan visited the Federation of Pakistan Chamber of Commerce and Industry.

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *


Most Popular

Zarnab Shastri’s Private Videos Leaked Amid Manahil Malik’s Controversy

Sajal Malik Video Leak Sparks Controversy as Fans and Critics Debate

Another leak: TikToker Somal Mohsin’s private videos go viral

Another obscene video of Minahil Malik goes viral

Torino Comics Honors Akira Toriyama, Creator of Dragon Ball and Dr. Slump

Must Read

SECP
Headline

SECP Policy Board approves amendments in company law to facilitate “startups

December 14, 2019
Pakistan Imports Medical Devices worth 2 Billion Dollars Every Year – Prof. Dr. Shahid Noor.
Business

Pakistan Imports Medical Devices worth 2 Billion Dollars Every Year – Prof. Dr. Shahid Noor.

October 21, 2024
The Azb is a 24/7 online news platform that covers a wide range of topics including business, economics, technology, finance, travel, fashion, and lifestyle.

Quick Links

  • Home
  • About us
  • SCI-TECH
  • Live TV
  • Banking

Useful Links

  • Videos
  • Reviews
  • Advertorial
  • Photos
  • About us
  • Author
  • Home
  • Latest News
  • Partner
  • Privacy Policy
  • Russian Theatre Group Celebrates Fifth Anniversary in Pakistan.
  • Terms and Conditions
  • The Azb – More Than Just News
  • Contact

© Copyright 2024 theazb. All Rights Reserved.

No Result
View All Result
  • HOME
  • Latest News
  • Business
  • PAKISTAN
  • SPORTS
  • WORLD
  • E-Paper
  • SCI-TECH
  • BANKING
  • ARTICLES
  • OPINION
  • MORE
    • MOBILE
    • TELECOM
    • PERSONALITY
    • HEALTH / EDUCATION

© Copyright 2024 theazb. All Rights Reserved.