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    <title>Aaj TV English News - Business &amp; Economy</title>
    <link>https://english.aaj.tv/</link>
    <description>Aaj TV English</description>
    <language>en-Us</language>
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    <pubDate>Wed, 08 Apr 2026 10:37:50 +0500</pubDate>
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    <ttl>60</ttl>
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      <title>Railways ministry plans to axe 15,000 jobs in near future</title>
      <link>https://english.aaj.tv/news/330400175/railways-ministry-plans-to-axe-15000-jobs-in-near-future</link>
      <description>&lt;p&gt;&lt;strong&gt;The railways ministry has planned to eliminate 15,000 additional posts in the near future as part of the ministry’s rightsizing efforts.&lt;/strong&gt;&lt;/p&gt;
&lt;p&gt;This came during a meeting of the Cabinet Committee on Rightsizing on Monday, a press release said. Federal Minister for Finance and Revenue Muhammad Aurangzeb presided over the meeting to review progress on the implementation of rightsizing measures across federal ministries.&lt;/p&gt;
&lt;p&gt;The Establishment Division informed the minister about receiving confirmations from 29 ministries and one constitutional body regarding the abolition of 11,877 posts and 4,660 dying posts.&lt;/p&gt;
&lt;p&gt;Under the International Monetary Fund staff-level agreement for $7 billion, the Fund said that the &lt;a href="https://english.aaj.tv/news/330369543/imf-reaches-7-billion-staff-level-loan-agreement-with-pakistan"&gt;new programme would help authorities&lt;/a&gt; improve macroeconomic stability, improve state owned enterprises’ management, and create conditions for stronger, more inclusive, and resilient growth.&lt;/p&gt;
&lt;p&gt;The crisis-wracked South Asian country has had 22 previous IMF bailout programs since 1958.&lt;/p&gt;
&lt;p&gt;In June, 2023, Prime Minister Shehbaz Sharif &lt;a href="https://english.aaj.tv/news/330363512/pm-shehbaz-orders-abolishment-of-pakistan-pwd"&gt;ordered&lt;/a&gt; an “immediate” wrapping up of the Pakistan Public Works Department due to “years’ long poor performance and corruption.”&lt;/p&gt;
&lt;p&gt;Last year, the government &lt;a href="https://english.aaj.tv/news/330377915/hundreds-of-thousands-of-jobs-to-be-abolished-as-govt-reveals-plan-for-closing-soes"&gt;approved a plan to close 33 SOEs in the first phase&lt;/a&gt; of a rightsizing initiative aimed at streamlining the government and improving efficiency.&lt;/p&gt;
&lt;p&gt;Aurangzeb “commended the implementation of the committee’s decisions and acknowledged the efforts of the ministries and departments involved.”&lt;/p&gt;
&lt;p&gt;In its presentation, the railways ministry informed the committee that 17,101 posts have already been abolished while 5,695 posts are in the process of being abolished – out of 95,859 sanctioned posts.&lt;/p&gt;
&lt;p&gt;&lt;strong&gt;Also, read this&lt;/strong&gt;&lt;/p&gt;
&lt;blockquote class="blockquote-level-1"&gt;
&lt;p&gt;&lt;em&gt;&lt;a href="https://english.aaj.tv/news/330389240/nothing-to-hide-in-imf-missions-pakistan-visit-finance-minister-aurangzeb"&gt;‘Nothing to hide’ in IMF mission’s Pakistan visit: Finance Minister Aurangzeb&lt;/a&gt;&lt;/em&gt;&lt;/p&gt;
&lt;/blockquote&gt;
&lt;blockquote class="blockquote-level-1"&gt;
&lt;p&gt;&lt;em&gt;&lt;a href="https://english.aaj.tv/news/30307371/cut-your-coat-according-to-your-cloth-energy-crunch-pakistan-tells-people"&gt;Cut your coat according to your cloth, energy crunch Pakistan tells people&lt;/a&gt;&lt;/em&gt;&lt;/p&gt;
&lt;/blockquote&gt;
&lt;blockquote class="blockquote-level-1"&gt;
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&lt;/blockquote&gt;
&lt;p&gt;“Furthermore, 15,000 additional posts are planned to be eliminated in the near future as part of the ministry’s rightsizing efforts,” it said.&lt;/p&gt;
&lt;p&gt;The presentation focused on “aligning the ministry’s functions with its core mandate and reducing redundant posts.”&lt;/p&gt;
&lt;p&gt;Discussions emphasized the importance of modernizing Pakistan Railways and ensuring its operations remain efficient. The committee decided to refer the case to the Sub-Committee on Rightsizing for further review and implementation of the proposed measures.&lt;/p&gt;
&lt;p&gt;It also called for implementing rightsizing measures across federal ministries in a phased manner to “achieve effectiveness, efficiency, and sustainable policy outcomes.”&lt;/p&gt;
</description>
      <content:encoded xmlns="http://purl.org/rss/1.0/modules/content/"><![CDATA[<p><strong>The railways ministry has planned to eliminate 15,000 additional posts in the near future as part of the ministry’s rightsizing efforts.</strong></p>
<p>This came during a meeting of the Cabinet Committee on Rightsizing on Monday, a press release said. Federal Minister for Finance and Revenue Muhammad Aurangzeb presided over the meeting to review progress on the implementation of rightsizing measures across federal ministries.</p>
<p>The Establishment Division informed the minister about receiving confirmations from 29 ministries and one constitutional body regarding the abolition of 11,877 posts and 4,660 dying posts.</p>
<p>Under the International Monetary Fund staff-level agreement for $7 billion, the Fund said that the <a href="https://english.aaj.tv/news/330369543/imf-reaches-7-billion-staff-level-loan-agreement-with-pakistan">new programme would help authorities</a> improve macroeconomic stability, improve state owned enterprises’ management, and create conditions for stronger, more inclusive, and resilient growth.</p>
<p>The crisis-wracked South Asian country has had 22 previous IMF bailout programs since 1958.</p>
<p>In June, 2023, Prime Minister Shehbaz Sharif <a href="https://english.aaj.tv/news/330363512/pm-shehbaz-orders-abolishment-of-pakistan-pwd">ordered</a> an “immediate” wrapping up of the Pakistan Public Works Department due to “years’ long poor performance and corruption.”</p>
<p>Last year, the government <a href="https://english.aaj.tv/news/330377915/hundreds-of-thousands-of-jobs-to-be-abolished-as-govt-reveals-plan-for-closing-soes">approved a plan to close 33 SOEs in the first phase</a> of a rightsizing initiative aimed at streamlining the government and improving efficiency.</p>
<p>Aurangzeb “commended the implementation of the committee’s decisions and acknowledged the efforts of the ministries and departments involved.”</p>
<p>In its presentation, the railways ministry informed the committee that 17,101 posts have already been abolished while 5,695 posts are in the process of being abolished – out of 95,859 sanctioned posts.</p>
<p><strong>Also, read this</strong></p>
<blockquote class="blockquote-level-1">
<p><em><a href="https://english.aaj.tv/news/330389240/nothing-to-hide-in-imf-missions-pakistan-visit-finance-minister-aurangzeb">‘Nothing to hide’ in IMF mission’s Pakistan visit: Finance Minister Aurangzeb</a></em></p>
</blockquote>
<blockquote class="blockquote-level-1">
<p><em><a href="https://english.aaj.tv/news/30307371/cut-your-coat-according-to-your-cloth-energy-crunch-pakistan-tells-people">Cut your coat according to your cloth, energy crunch Pakistan tells people</a></em></p>
</blockquote>
<blockquote class="blockquote-level-1">
<p><em><a href="https://english.aaj.tv/news/30308556/pakistan-changes-its-routine-to-save-energy-money">Pakistan changes its routine to save energy, money</a></em></p>
</blockquote>
<p>“Furthermore, 15,000 additional posts are planned to be eliminated in the near future as part of the ministry’s rightsizing efforts,” it said.</p>
<p>The presentation focused on “aligning the ministry’s functions with its core mandate and reducing redundant posts.”</p>
<p>Discussions emphasized the importance of modernizing Pakistan Railways and ensuring its operations remain efficient. The committee decided to refer the case to the Sub-Committee on Rightsizing for further review and implementation of the proposed measures.</p>
<p>It also called for implementing rightsizing measures across federal ministries in a phased manner to “achieve effectiveness, efficiency, and sustainable policy outcomes.”</p>
]]></content:encoded>
      <category>Business &amp; Economy</category>
      <guid>https://english.aaj.tv/news/330400175</guid>
      <pubDate>Tue, 28 Jan 2025 10:24:42 +0500</pubDate>
      <author>none@none.com (Web Desk)</author>
      <media:content url="https://i.aaj.tv/large/2025/01/280938038fbf150.webp?r=093813" type="image/webp" medium="image" height="771" width="1285">
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        <media:title>Railway workers repair the damaged track, on Monday, a day after the derailment of Hazara Express near Nawabshah. AFP/File
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