Pakistan to rent official Prime Minister’s house to deal with ‘financial crisis’: report | World news

Under the effect of a financial crisis, Pakistan has rented the official residence of its Prime Minister Imran Khan in Islamabad, according to a report by the ANI news agency citing local media. Earlier, the ruling Tehreek-Pakistan Tehreek-e-Insaf (PTI) government led by Khan announced plans to convert the prime minister’s residence into a university. However, this plan has now reportedly been scrapped, with the federal government instead deciding to lease the property.

Imran Khan had left his official residence in Islamabad after the Pakistani government announced in August 2019 plans to convert the Prime Minister’s house into a state-of-the-art federal educational institution. According to a report from Samaa TV, the federal government has decided to lease the property to people who wish to organize cultural, fashion, educational and other events at the premises located in the red zone in Islamabad.

“Two committees have been formed for this purpose. They will be responsible for ensuring that the discipline and decorum of the PM House is not violated during the events,” Saama TV said.

According to local media reports, the federal cabinet will meet and discuss ways to generate income from the PM House building.

The Prime Minister’s House auditorium, two guest wings and a lawn will likely be rented to generate funds. High-level diplomatic functions and international seminars will also be held at the former main workplace of the Prime Minister of Pakistan.

Imran Khan, after taking office as Pakistani prime minister, announced that the federal government had no money to spend on social assistance programs, while a few people in the country “live as our colonial masters lived” . He has since lived in his residence in Bani Gala and only uses the Prime Minister’s office.

Pakistan’s economy has shrunk by $ 19 billion in the past three years since Khan came to power. When he became Prime Minister, he took many austere steps to cut government spending in order to give the country’s economy a breather.

Earlier, former Finance Minister Miftah Ismail remarked that the regime led by Imran Khan “was playing with the economy”, adding that it had increased loans from the government and state institutions of 45,000 billion.

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