Renowned economist, Dr Kaiser Bengali has resigned from the Austerity Committee (High-Powered Committee for Rightsising the Federal Government) formed by the Prime Minister to reduce government expenditures.
In his resignation letter Dr Kaiser cited the lack of government commitment to reduce expenditures, read a press statement.
Dr Kaiser said that he was “immensely disappointed that of the 70 government organizations reviewed, the committee recommended privatizing 17 commercial entities and retaining 52 government organizations, closing down only one!”
Speaking at the media briefing at Karachi Press Club (KPC) on Monday, he said that the foremost priority of the government has “to be to stem the fiscal haemorrhage that threatens to be fatal for the economy and the country”.
“Yet, he lamented that the focus of the committee has shifted to retaining almost all the government entities but making them more efficient,” read the statement.
More to follow
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