Shehbaz Sharif Govt to auction official luxury cars as Pakistan begins austerity drive | Details

Pakistan Prime Minister Shehbaz Sharif has announced austerity measures amid financial crunch. Sharif banned his ministers from travelling in business class and staying at five-star hotels during foreign trips. A ban on purchasing luxury items and cars until next year is among some of the harsh measures announced by Sharif. Pakistan is desperate to get an IMF loan of $6 billion to save its economy. Mounting debt and growing inflation have made matters worse for the cash-starved Pakistan. Watch this video to know more. Hindustan Times Videos bring you news, views and explainers about current issues in India and across the globe. We’re always excited to report the news as quickly as possible, use new technological tools to reach you better and tell stories with a 360 degree view to give you a better understanding of the world around you.