
Cash-strapped Pakistan cuts 150,000 jobs, dissolves 6 ministries as part of IMF deal
Islamabad: In an effort to minimise administrative expenditures, cash-strapped Pakistan on Sunday announced to abolish about 150,000 government posts, close six ministries, and merge two others, as part of reforms agreed upon with the IMF under USD 7 billion loan deal. The International Monetary Fund on September 26 finally gave a nod to the assistance…