Pakistan Prime Minister Shehbaz Sharif has announced austerity measures amid financial crunch. Sharif banned his ministers from travelling in business class and staying at five-star hotels during foreign trips. A ban on purchasing luxury items and cars until next year is among some of the harsh measures announced by Sharif. Pakistan is desperate to get an IMF loan of $6 billion to save its economy. Mounting debt and growing inflation have made matters worse for the cash-starved Pakistan. Watch this video to know more.

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