Islamabad, 25/2: The cash-strapped Pakistan government has directed the accountant general to cease the clearing of bills, including salaries, owing to the current economic crisis, according to a media report on Saturday.
The Ministry of Finance and Revenue also instructed the Accountant General of Pakistan Revenues (AGPR) to halt the clearing of all the bills of the federal ministries/divisions and attached departments until further notice, The News International quoted official sources as saying.
The newspaper reported that the operational cost-related releases faced difficulties mainly due to the economic hardship facing the country.
Pakistan’s foreign exchange reserves, which fell to a critically low level of $2.9 billion a few weeks ago, have now risen closer to $4 billion, even as the country eagerly waits for the $1.1 billion tranches of funding from the International Monetary Fund (IMF)
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