Federal Government decided to Reduced Working Days to Four to Save Fuel

PMLN Federal Government decided to Reduced Working Days to Four to Save Fuel. With oil consumption rising and import bills due to higher international prices, the government is exploring ways to save fuel by reducing the number of working days per week.

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Reason of Reduced Working Days

Pakistan’s total oil import is increased by 96% as compared to last fiscal year. Expert says that this increase is due to more usage of fuel.

It expects to deliver estimated annual foreign exchange savings of up to $2.7 billion.

Estimates are based on three different working days and fuel savings scenarios prepared by the State Bank of Pakistan for US$1.5-2 billion in foreign exchange savings to 7 Billion.

Impact of Reduced Working Days

Pakistan’s total oil import for the first ten months (July-April) of the current fiscal year (FY22) has surpassed US$17 billion, showing a massive 96% growth compared to the same period of the pre-tax year.

This includes imports of petroleum products worth US$8.5 billion and crude oil worth US$4.2 billion, up 121% and 75%, respectively.

There is no official notification of 4 working days in a week or notification of 3 holidays in a week but this is only thinking of Govt members.

While on another side PM Shahbaz Sharif is interested in increasing working days from 5 to 6 but now Electricity shortfall and fuel usage make him to re think about his decision. This news is based on top news sources so we do not claim that this news is based on our own sources.