'Desperate' Pak to slash number of ministers, salaries of govt staff after IMF's big snub

Pakistan’s financial crisis is worsening day by day, and the country’s economy could soon hit rock bottom. The dwindling forex reserves have forced Islamabad to take harsh measures. In the latest development, Pakistan is considering slashing the salaries of government employees and reducing the number of its ministers, according to Geo News. The proposal was made at the National Austerity Committee (NAC) constituted by Pakistan Prime Minister Shehbaz Sharif, Geo News reported. Amid the crisis, the IMF has also denied financial help to bankrupt Pakistan. Islamabad currently has only a few weeks' worth of forex reserves at the State Bank of Pakistan. Watch this report for more.