A significant number of Pakistani press attaches and press counsellors from different diplomatic missions find themselves in a financial bind as they have not received their salaries for the past three months. This comes as a result of an extreme dollar liquidity crunch, leaving these officials in a difficult position.
What Happened: As reported by The News International, a Pakistan daily, the financial crisis is so severe that these officials, who are stationed in high-cost cities such as Washington, Hong Kong, and Singapore, have been living without pay since June.
Pakistan’s finance ministry has reportedly exhausted its foreign exchange limits, rendering it unable to release their salaries even for the current month.
Responsibility for this predicament is also shared by the Ministry of Information, which allocated funds for foreign exchange that fell short of the actual requirements. The report said that a similar issue arose during the fiscal year 2022-23, but was timely resolved by then-finance minister Ishaq Dar via a supplementary grant.
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