Pakistan Faces Record Fuel Hike, PM Shehbaz Sharif Announces Schools Closed for 2 Weeks | N18G | 4K

Описание: Pakistan’s Prime Minister Shehbaz Sharif announced emergency measures on March 9 to counter rising global oil prices caused by the Iran war, which threaten to destabilize the economy. Schools will close for two weeks, and universities will switch immediately to online classes to reduce commuting. Government departments will face a 50% cut in fuel allowances for two months, 60% of official vehicles will be taken off the road, and only 50% of staff will work in offices, with a four-day week for non-essential departments. Spending will be cut by 20%, with bans on vehicles, air conditioners, furniture purchases, and most foreign travel for officials. The price of petrol and diesel was raised by 55 rupees per litre, the largest increase in Pakistan’s history. Public response has been mixed: some welcomed the proactive steps to protect the economy, while small traders criticized school closures for disrupting local markets. The central bank highlighted inflation risks tied to global energy price volatility.

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