Close X
Saturday, January 11, 2025
ADVT 
International

From Selling BMWs To Buffaloes, How Imran Khan Is Tackling Pak's Debt

IANS, 18 Sep, 2018 01:17 PM
    The cash-strapped Pakistan government on Monday sold 34 cars as part of an auction of 102 luxury vehicles, including some bullet-proof ones, as part of Prime Minister Imran Khan's austerity drive.
     
     
    Apart from luxury cars, the government, facing huge debts and liabilities, plans to auction eight buffaloes kept by deposed and jailed former prime minister Nawaz Sharif at the PM House for his "gastronomic requirements", a senior aide to Mr Khan said last week.
     
     
    It will also sell the four surplus helicopters lying unused with the Cabinet Division, Naeem-ul-Haq, the Prime Minister's Special Assistant for Political Affairs, said.
     
     
    Thirty-four non-imported cars have been sold so far during the action, Geo News reported.
     
     
    In the second phase of the auction, 41 imported cars will be sold, it said.
     
     
    The cars that are being auctioned include four recent models of Mercedes Benz, eight bullet-proof BMWs, three 5000cc SUVs and two 3000cc SUVs of 2016 model.
     
     
    Twenty-four 24 Mercedes Benz of 2016 model are also being auctioned. Two of the 28 cars are 4,000cc bullet-proof vehicles, the report said.
     
     
     
    Further, 40 Toyota cars, a Lexus SUV, and two Land Cruisers are also up for auction.
     
    Other vehicles that are being auctioned include eight Suzuki cars, five Mitsubishi vehicles, nine Hondas and two jeeps.
     
     
    The cars will be sold to those who have the highest bid, the report said.
     
     
    In his first address to the nation, Prime Minister Khan had emphasised on cutting government expenditure. As part of the cost-cutting initiative, he had announced the auction of surplus PM House vehicles.
     
     
    Pakistan's debt and liabilities rose sharply to nearly Rs. 30 trillion or 87 per cent of total size of the economy at the end of previous fiscal year, according to media reports.
     
     
    Statistics released by the State Bank of Pakistan (SBP) last month showed that in the last five years, Pakistan's total debt and liabilities increased Rs. 13.5 trillion or 82.8 per cent to stand at Rs. 29.9 trillion. Five years ago, Pakistan's total debt and liabilities were Rs. 16.4 trillion, the Express Tribune reported. 

    MORE International ARTICLES

    South African Fined For Racist Remarks Against Hindus

    South African Fined For Racist Remarks Against Hindus
    A white South African has been slapped with a fine and asked to do 50 hours of community service for making racist remarks on Facebook about Hindus.

    South African Fined For Racist Remarks Against Hindus

    Indians To Be Hit Hard As Work Permit Of H-4 Visa Holders To Be Rescinded

    Indians To Be Hit Hard As Work Permit Of H-4 Visa Holders To Be Rescinded
      The move to rescind work authorisation to certain categories of H-4 visa holders is in final stages, the Trump administration has told a US court.

    Indians To Be Hit Hard As Work Permit Of H-4 Visa Holders To Be Rescinded

    Pak Elections: Non-Muslim Voters Up By 30 PC; Hindus Maintain Majority

    The non-Muslim voters have registered an increase of 30 per cent over the last five years, the Dawn newspaper reported citing an official document.

    Pak Elections: Non-Muslim Voters Up By 30 PC; Hindus Maintain Majority

    32-Year-Old Sikh Truck Driver JASPREET SINGH Dies Two Weeks After Being Shot In Ohio

    32-Year-Old Sikh Truck Driver JASPREET SINGH Dies Two Weeks After Being Shot In Ohio
    A 32-year-old Sikh truck driver, who was shot at two weeks ago in Ohio, has succumbed to his injuries, with prosecutors saying they will seek a murder charge against the accused in the case.

    32-Year-Old Sikh Truck Driver JASPREET SINGH Dies Two Weeks After Being Shot In Ohio

    Shooting At Indiana Middle School, Student And Teacher Injured

    Shooting At Indiana Middle School, Student And Teacher Injured
    Two people were critically injured after a shooter fired at students on Friday in a middle school in the US state of Indiana, media reports said.

    Shooting At Indiana Middle School, Student And Teacher Injured

    WATCH: Nikki Haley Heckled At Houston University, Video Goes Viral

    WATCH: Nikki Haley Heckled At Houston University, Video Goes Viral
    US Ambassador to the United Nations Nikki Haley, who spoke at the University of Houston on Tuesday, was heckled on campus, as student activists confronted her about her positions on the violence in Gaza and toward the Palestinian people.

    WATCH: Nikki Haley Heckled At Houston University, Video Goes Viral