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Govt to reduce expenditures of Rs 300 billion in year: Plan presented to IMF

Islamabad: The federal government will reduce more than Rs 300 billion expenditures in a year.

The government financial team on Monday presented the plan to the International Monetary Fund (IMF).

According to the plan submitted to the IMF, the federal ministries will not buy new vehicles or cars.

The government will not provide development fund to the provinces while no new university will be established in the country.

The grade 1 to 16 posts empty vacant posts from hiatus of one year will be eradicated.