Cash-strapped Pakistan's caretaker govt to spend PKR 2.3 billion on new vehicles

  • All the additional deputy commissioners (general) of each district in Pakistan will be provided with new Toyota Yaris ATIV 1.3L, as per a report.
File photo of Toyota Yaris ATIV 1.,3
File photo of Toyota Yaris ATIV 1.,3

Amid the worsening economic situation in cash-strapped Pakistan, the country's Punjab caretaker government has released a whopping Pakistani Rupee (Rs) 2.3 billion towards the purchase of new luxury vehicles for its officials, The News International reported. The sanction from the finance department comes at a time when the entire country is struggling to meet the International Monetary Fund's (IMF) demands.

The notification reveals that the assistant commissioner of each tehsil will be provided with a new double cabin Toyota Hilux 4x4 Revo-G M/T. All the additional deputy commissioners (general) of each district will be provided with new Toyota Yaris ATIV 1.3L while additional commissioners of each division will be provided with Toyota Corolla 1.6 Altis CVT.

Also check these Cars

Find more Cars
Mahindra Ekuv100 (HT Auto photo)
UPCOMING
BatteryCapacity Icon40 kWh Range Icon150 Km
₹ 8.25 - 10 Lakhs
View Details
Porsche 911 Gt3 (HT Auto photo)
Engine Icon3996.0 cc FuelType IconPetrol
₹ 2.50 Cr
Compare
View Offers
Mahindra S204 (HT Auto photo)
UPCOMING
₹ 12 Lakhs
View Details
Lexus Nx (HT Auto photo)
Engine Icon2494.0 cc FuelType IconMultiple
₹ 64.90 - 71.60 Lakhs
Compare
View Offers
Rolls-royce New Ghost (HT Auto photo)
UPCOMING
Engine Icon6750 cc FuelType IconPetrol
₹ 6.95 - 7.95 Cr
View Details
Mercedes-benz Amg E53 Cabriolet (HT Auto photo)
Engine Icon2999.0 cc FuelType IconPetrol
₹ 1.30 Cr
Compare

Also Read : Pakistan car sales in June plunge 82 per cent, just over 6,000 units sold

The notification further informed that the vehicles that are presently being used by the assistant commissioners shall be allocated to tehsildars.

While this is being done, the country's external debt servicing obligations are $2.44 billion for the current month - July 2023, including $2.07 billion in non-guaranteed debt owed to China, the report noted. It is also yet to pay off another $1 billion safe deposit to China, so Pakistan and China are currently working on the rollover of around $3 billion bilateral debt within the ongoing month.

Apart from this, the country is also liable to pay $195 million to the Kingdom of Saudi Arabia for the current month as well as repay China around $363 million in guaranteed bilateral loans, including principal and markup payments, the report noted.

These are some of the dues that are to be cleared off by the country while there is more that needs to be repaid to France, Japan and China. The country also has to pay a penalty of $4 million as commitment fees within the ongoing month of fiscal year 2023-24.

First Published Date: 23 Jul 2023, 15:13 PM IST
NEXT ARTICLE BEGINS

Please provide your details to get Personalized Offers on

Choose city
+91 | Choose city
Choose city

Want to get the best price for your existing car?

Powered by: Spinny Logo
By clicking "View Offers" you Agree to our Terms and Privacy Policy
Dear Name

Please verify your mobile number.

+91 | Choose city
Couldn't verify the OTP.
It's either expired or it's incorrect.