Pakistan's President Asif Ali Zardari has made the decision to waive his salary amidst what his office describes as "economic challenges" facing the country. To promote responsible financial management, President Zardari has opted not to draw his salary, according to a statement released by the Office of the President of Pakistan on Tuesday.
The statement emphasizes that President Zardari's decision is motivated by the need to alleviate pressure on the national treasury and encourage prudent fiscal practices. It underscores his commitment to minimizing financial burdens on the country amidst ongoing economic difficulties.
President Zardari's decision comes shortly after his reelection as the 14th President of Pakistan on March 9, marking his second term in office. He previously served as President from 2008 to 2013.
In a similar gesture, Pakistan's new Interior Minister, Mohsin Naqvi, also announced his decision to forgo his salary during his tenure. Expressing dedication to serving the nation during challenging times, Naqvi underscored his commitment to supporting the country in every possible way.
Pakistan's economy has been grappling with significant challenges, including unchecked inflation and mounting debt. To address these issues, Pakistan is reportedly planning to seek a new $6 billion loan from the International Monetary Fund (IMF) to help repay debts due in 2024. Talks for an Extended Fund Facility with the IMF are expected to commence soon, as Pakistan looks to navigate its economic challenges and avoid default.
