ISLAMABAD (Republic policy) – Pakistan Army has decided to hold the annual parade of the armed forces on the eve of Pakistan Day on a limited scale, joining the government’s austerity drive that aims at warding off the economic crisis.
The military parade is observed each year on March 23. The event is at the centre of celebrations to commemorate a 1940 Lahore Resolution that called for establishing an independent country for the Muslims of British-ruled India.
Thousands of Pakistanis gathered at Shakarparian ground in Islamabad every year to celebrate the day and watch the glorious display of the country’s military power and cultural diversity.
Pakistan has been reeling under a massive economic crisis, with the rupee recording a historic low, depleting foreign exchange reserves and decades-high inflation. Because of the financial crunches, Prime Minister Shehbaz Sharif in February this year, unveiled a massive austerity drive at the federal government level to slash expenditures while eyeing an ambitious plan to save Rs200 billion annually.
Sources said this year’s military parade would be held at the President’s House instead of the traditional venue because of the country’s economic challenges.
The Pakistan Army has decided to follow the austerity policy alongside the people. The move to limit the parade event will help cut the cost as it caused huge expenses.
The Pakistan Army stands with the nation in difficult times and is ready to play its role in its development, sources said.
