Knowing Reason Why Pakistan's New President to Not Take Salary

Pakistan – Pakistan’s newly-elected President Asif Ali Zardari on Wednesday announced that he wouldn't draw any salary during his tenure as part of his bid to help the cash-strapped country face the challenging economic hardship.

Zardari, who took oath as Pakistan's 14th President on Sunday, decided to encourage prudent financial management and not burden the national exchequer, his Pakistan Peoples Party (PPP) said in a statement on X.

“The President considered it essential not to burden the national exchequer and preferred to forgo his salary,” President Secretariat Press Wing said in a press release on Tuesday as reported by the Hindu site.

Moreover, Zardari, co-chairman of the PPP took oath as President of Pakistan for a second term at a ceremony at Aiwan-i-Sadr in Islamabad on Sunday.

Separately, Interior Minister Mohsin Naqvi, following the steps of Mr. Zardari, also decided to forego his salary while in office citing the economic challenges faced by the country.

Taking to X, Naqvi said that he committed to serving the nation in challenging times in every possible way.

Naqvi further said that he has decided to forego his salary during the tenure.

"In these challenging times, committed to supporting and serving our nation in every possible way,” he said in an X post.

Debt-struck Pakistan has been reeling under economic pressure with the price of commodities touching sky-high prices.

The newly elected government needs a new loan from the International Monetary Fund on an urgent basis, and its politicians, who are often super-rich, use such tactics to win support from the impoverished masses.

In February last year, the Cabinet of then-prime minister Shehbaz Sharif gave up their salary and other perks to help the country tackle its possible default on external liabilities.

Addressing the maiden cabinet meeting after inducting 19 members on Monday, Prime Minister Sharif said that the first test of the cash-strapped country's newly-elected government is to rein in inflation and prices of food items.