Prime Minister Shehbaz Sharif has formed a committee to reduce federal government expenditures
Islamabad: PM forms committee to reduce govt expenditures. The cabinet division issued a notification on Wednesday.
The committee formed by the prime minister will consist of seven members. Deputy Chairman of the Planning Commission will head the committee.
The other committee members include the Cabinet Division Secretary, Finance Division Secretary, Secretary I&P Rashid Mahmood Langrial, Dr Qaiser Bengali, Dr Farrukh Saleem, and Dr Muhammad Naveed Iftikhar.
The purpose of the committee will be to institute institutional reforms and reduce the size of the federal government. The committee will devise a TOR (Terms of Reference) to reduce expenditures and present a practical plan to cut expenses.
Additionally, the committee will review the National Fiscal Efficiency Report of the Finance Division.
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Furthermore, the committee will propose pension schemes, PSDP (Public Sector Development Program), or other suggestions to reduce expenses. The committee may also seek assistance from government or private sectors as deemed necessary.
The committee will present its report to the prime minister within a week.
PM forms committee to reduce govt expenditures
Mian Muhammad Shehbaz Sharif is a Pakistani politician and businessman who is currently serving as the 24th prime minister of Pakistan since March 2024, having previously served in the post from April 2022 to August 2023. He is the president of the Pakistan Muslim League (N) (PML-N). Previously in his political career, he served as the chief minister of Punjab three times, making him the longest-serving chief minister of Punjab.
Shehbaz was elected to the Provincial Assembly of the Punjab in 1988 and to the National Assembly of Pakistan in 1990. He was again elected to the Punjab Assembly in 1993 and named leader of the opposition. He was elected as chief minister of Pakistan’s most populous province, Punjab, for the first time on 20 February 1997. After the 1999 Pakistani coup d’état, Shehbaz along with his family spent years of self-exile in Saudi Arabia, returning to Pakistan in 2007. Shehbaz was appointed chief minister for a second term after the PML-N’s victory in Punjab province in the 2008 Pakistani general election. He was elected as chief minister of Punjab for the third time in the 2013 general election and served his term until his party’s defeat in the 2018 general election. During his tenure as chief minister, Shehbaz enjoyed a reputation as a highly competent and diligent administrator. He initiated ambitious infrastructure projects in Punjab and was noted for his efficient governance. Shehbaz was nominated as the president of the Pakistan Muslim League-N after his brother, Nawaz Sharif, was disqualified from holding office in the wake of the Panama Papers case. He was nominated as the leader of the opposition after the 2018 election.
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