Senate beats austerity target by 500pcPublished on: June 9, 2026 12:11 AM
Pakistan, June 9 -- Pakistan's Senate has returned Rs1.436 billion to the national exchequer after implementing a year-long austerity programme. The savings exceeded the Finance Division's target by 500 percent and represented 15.9 percent of the Senate's annual budget. The achievement highlights efforts to strengthen fiscal discipline amid ongoing economic challenges.
According to a statement issued by the Senate Secretariat, Chairman Syed Yousaf Raza Gilani initiated expenditure reforms within his office before expanding them across the institution. Officials emphasized that the amount reflected actual savings rather than projected reductions or deferred expenses. The initiative focused on reducing non-essential spending while maintain...
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