Categories: India

Broke Pakistan govt to rent out PM Imran Khan’s official residence to raise funds

<p>
<strong>The cash-strapped Imran Khan government has decided to rent out the Prime Minister’s official residence in Islamabad in order to raise funds, Saama TV reported on Tuesday.</strong></p>
<p>
Imran Khan had earlier said that the building would be converted into a university and education hub, but has dropped the plan and instead decided to rent out the premises for fashion, cultural and educational events. </p>
<p>
The decision was finalized by the Federal Cabinet of Pakistan. Two committees have been constituted to ensure that the “decorum and ‘discipline” of the PM House are maintained during these events, Saama TV said.</p>
<p>
Imran Khan had vacated the Prime Minister House in August 2019 and shifted to his posh bungalow at Bani Gala.</p>
<p>
<strong>Also Read: <a href="https://www.indianarrative.com/latest-news/china-asks-pak-for-additional-guarantees-for-6b-loan-47207.html">China asks Pakistan for additional guarantees for $6 billion loan</a> </strong></p>
<p>
As part of desperate measures to raise finances, earlier in September 2018, PM Imran Khan decided to auction the buffaloes that were housed in the PM’s official residence. The sale of the livestock had fetched 23.02 lacs Pakistani rupees.</p>
<p>
He had also auctioned 61 luxury cars that belonged to the PM House which had raked in 20 crore Pakistan rupees for the government’s coffers.</p>
<p>
With American funding have dried up and Saudi Arabia also withdrawing its financial assistance to Pakistan, the country has been heavily dependent on China to make the two ends meet. But with mounting allegations of corruption in China’s belt and road initiative and several Chinese engineers being attacked in the country, Pakistan also appears to be facing problems with its “iron brother.”</p>
<p>
According to analysts, the Imran Khan government is now running from pillar to post to try and raise funds.</p>

IN Bureau

Recent Posts

India distances itself from SCO statement on Iran-Israel conflict; urges dialogue, diplomacy for de-escalation

India said on Saturday that it did not participate in the discussions on the Shanghai…

1 day ago

India asks its nationals in Palestine to remain vigilant, observe locally advised safety procedures

India's Representative Office in Ramallah has urged Indian nationals in Palestine to remain vigilant and…

1 day ago

IMD issues red alert for heavy to extremely heavy rainfall in 5 districts of Kerala

The India Meteorological Department (IMD) on Saturday issued a red alert for heavy to extremely…

2 days ago

PM Modi to visit Cyprus, attend G7 summit in Canada, meet leaders in Croatia from June 15-19

Prime Minister Narendra Modi will pay an official visit to Cyprus, Canada and Croatia from…

2 days ago

Israeli airstrike hits army base in Iran’s Zanjan: Reports

Reports indicate that Israeli fighter jets have targeted an army base in Zanjan, a city…

2 days ago

Air Chief Marshal AP Singh attends Combined Graduation Parade at Air Force Academy in Hyderabad

Chief of the Air Staff, Air Chief Marshal AP Singh, on Saturday, attended the Combined…

2 days ago