ISLAMABAD: The Federal Cabinet, which met here Tuesday (27th August, 2024) with PM Shehbaz Sharif in the chair, approved recommendations submitted by the Rightsizing of the Federal Government Committee for merger and dissolution of 82 State-Owned Enterprises (SOEs).
While assenting to the recommendations, also constituted a committee to protect the interests of employees, who will be affected by the merger and dissolution of various departments. These 82 entities are being transformed into robust institutions through digitization, smart management, efficient governance, transparency, and swift implementation to provide better facilities to the common man.
The Federal Cabinet was told that in the first phase, enforcement of the committee’s recommendations has begun in six ministries. This will help improve government performance, correct use of human capital, and policy-making as well as end unnecessary delays in implementation of decisions.
The Cabinet was further informed that saving worth one hundred and thirty million dollars has been made by stopping the import of Urea and providing uninterrupted gas supply to Urea factories.
PM appreciated the decisions taken by the Ministries of Finance, Energy and National Food Security to ensure provision of unhindered supply of Urea fertilizer during the upcoming Rabi crop season.
The Cabinet was also briefed on the implementation of austerity measures as per the PM’s vision regarding reducing government expenditure.
The Federal Cabinet approved the continuation of the austerity measures which include voluntary waiver of salary by cabinet members, ban on purchase of government vehicles other than essential vehicles such as ambulances, ban on purchase of new equipment and machinery, creation of new government posts, unnecessary travel abroad at government expense and ban on medical treatments abroad.
PM, while appreciating the implementation of austerity measures by federal ministries, directed them to ensure continuation of the same.
Newspakistan.tv/Radio Pakistan