Pakistan has announced plans to cut government spending by eliminating 150,000 positions, closing six ministries, and merging two others.

Pakistan's Finance Minister, Senator Muhammad Aurangzeb, emphasized the need for a fundamental economic overhaul to avoid future IMF bailouts. Addressing economic challenges like high inflation and a trade deficit,

Cash-strapped Pakistan announced that in efforts to reduce administrative expenditures, the country has cut nearly 1.5 lakh government jobs, closed six ministries, and merged two others to secure a $7 billion loan deal from the International Monetary Fund (IMF),

Pakistan plans to cut 150,000 government jobs, close six ministries, and merge two others as part of IMF reforms linked to a USD 7 billion loan.