Thursday, 28 October 2021

PM official house on rent to get through from financial crisis in pakistan

Pakistan PM official house on rent to get through with financial crisis

Imran Khan, PM of Pakistan, has evacuated his official house in Islamabad after the Pakistan government declared in 2019 August its plan to convert the PM House into a state-of-the-art federal educational institution.

Stumbling from a financial crisis, Pakistan has now put its PM Imran Khan's official house in Islamabad in the market for rent, as per a report by a news agency.

Imran Khan had announced its plan of action to convert the PM House into a university. But, the program has now reportedly been set down, with the federal government instead decided to rent out the land.

As per a report from Samaa TV, the federal government has decided to rent out the property to people who want to hold cultural, fashion, educational, and other events at the Red Zone in Islamabad premises.

Saama TV said.

"Two committees have been made for this purpose. They will be responsible to make sure about discipline and courtesy of the PM House are not violated during the events," 

Pakistan PM official house on rent to get through with financial crisis 1getty image

Read More: Kiwi to Tour Pakistan after 18 years since 2003

As per local media, the federal cabinet will meet and discuss ways to garner revenue from the PM House building.

Hall of PM house, two guest wings, and a lawn will likely be renting out for generating finance. International seminars and High-level diplomatic meetings will also behold at the Pakistani premier's former principal workplace.

After taking PM post, Imran Khan had announced that the federal government doesn't have money to pay out on public schemes.

Pakistan's economy has decreased by USD 19 billion in the last three years since Khan came into power. When he became prime minister, he took many simple steps to cut down government expenses to respite the country's economy.

Before former finance minister Miftah Ismail said that the Imran Khan-led authorities were "toying with economy," adding that it had to increase the loans of government and state institutions by ₹45,000 billion.

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