Federal government may terminate services of more than 30,000 government employees: Report
ISLAMABAD: Federal government may terminate services of more than 30,000 government employees, Media Report has revealed citing government sources.
As per the media report, government may lay off more than 30,000 employees of some 20 state institutions before June 2020, apparently to plug financial imbalances and meet the fiscal deficit of the country, Pakistan Today has learnt.
However, the Ministry of Finance, while confirming the privatisation of at least 10 institutions in the near future, refused to give any number on the termination of employees.
According to sources privy to the matter, the Tehreek-e-Insaf (PTI) government has been considering the termination of over 30,000 employees besides privatisation of some 20 important institutes before the announcement of next financial year’s budget.
They said that the International Monetary Fund (IMF) officials had moved this proposal, convincing the finance ministry to lay off thousands of employees and privatise important institutes in order to address financial imbalances and meet the fiscal deficit.
“A body constituted by the Ministry of Finance has been working and preparing the list of government employees who will be terminated as per commitment with the IMF,” sources added.
They said the finance ministry and the Privatisation Commission would ensure the bidding process for the privatisation of state-owned entities while the list of terminated employees shall be completed by the end of 2019 or start of 2020.