PM Shehbaz meets President Zardari amid rumours of possible move to roll back 18th Amendment

PM Shehbaz meets President Zardari amid rumours of possible move to roll back 18th Amendment

Prime Minister extends conservation and austerity measures until 13 June

Islamabad – The federal government announced today that the conservation and austerity programme introduced earlier this year will remain in force until 13 June. The decision comes as the administration seeks to stabilise the economy, curb inflation and manage the ongoing energy shortfall.

Key elements of the extended programme include a continuation of reduced electricity consumption targets for households and commercial establishments, stricter water‑use regulations in drought‑prone districts, and a freeze on non‑essential public sector recruitment. The finance ministry will also maintain the temporary suspension of certain development projects that are not classified as critical infrastructure.

In a televised address, the Prime Minister highlighted the importance of collective effort. “Our nation is facing a period of unprecedented economic pressure,” he said. “By extending these measures we give the economy breathing space, protect the most vulnerable and preserve essential services for the months ahead.” He urged citizens to adopt energy‑saving habits such as limiting the use of air‑conditioners during peak hours and to report any illegal water connections.

The extended austerity plan also retains the partial reduction of government subsidies on fuel and electricity, a step taken to reduce fiscal deficits. The Ministry of Finance indicated that the continuation of these subsidies at a reduced rate will save approximately 1.2 billion rupees per month, contributing to a more sustainable budget balance.

Analysts note that the extension aligns with the broader macro‑economic strategy outlined in the recent budget review. By maintaining fiscal discipline and encouraging resource conservation, the government aims to improve the current account and restore investor confidence. The measures are expected to support the central bank’s target of bringing inflation down to single‑digit levels by the end of the fiscal year.

Local businesses have expressed mixed reactions. While some manufacturers appreciate the stability that a predictable policy environment offers, others are concerned about the impact of reduced energy consumption on production capacity. The chambers of commerce have called for a dialogue with the government to explore possible incentives for firms that adopt renewable energy solutions.

The Prime Minister’s office confirmed that the extension will be reviewed weekly, with adjustments possible based on real‑time data on energy supply, price movements and economic indicators. Citizens are encouraged to stay informed through official channels and to participate actively in the conservation efforts that underpin the nation’s economic recovery.

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