The Federal government has issued a notice concerning the increase in wages of employees of the government and pensioners. According to the announcement it is possible that there is an opportunity that the government will make 15-30% Salaries & Pensions Increment For Employees. The estimated increase will be 30 percent. Additionally, the increase is anticipated in the coming budget 2024-2024 that will be affecting civil and military personnel in Pakistan.
The date for the finalization of the budget was announced and is expected to be in the beginning of June. Ministry of Finance announced in the Jang paper the existence of singles who will be receiving higher wages for the employees. Additionally, Prime Minister Shehbaz Sharif has called an emergency cabinet meeting in order to debate the situation and come up with an answer to compensate for the lower and middle class levels. For more information on the Federal government’s increased salaries continue scrolling
15-30% Salaries & Pensions Increment For Employees By Federal Govt
Govt Notification Regarding Increment in Salaries
Check out the complete announcement released by the government on the pay scales of employees.
News Concerning Increase in Salary from 15% -30%
The tentative budget dates 2024-2024 are out and the budget is scheduled for early June. The date could be altered because of the political climate within the nation. According to a statement from the Ministry of Finance published in the daily Jang there are signs that the salary and pension will be raised for civilian and military employees.
Inflation does not just affect salaried employees, but traders as well as those in the business world. The Prime Minister Shehbaz Sharif invites council meeting with the cabinet to talk about this issue as well discover a solution that will provide compensation to for the lower and middle classes.
It’s becoming increasingly difficult to find the right items needed and also to cover other expenses using the current salary and pensions. They are in need of an increase to their salaries and pensions. Civil and military employees have been requesting increases in allowances, too. The majority of employees are single-income, and provide for their families. Prices for fuel and other commodities are rising rapidly.
The government is looking for a bailout from the International Monetary Fund IMF to improve the economic condition in the state. The government is also seeking financial assistance from UAE, Saudia Arabia, and China.
Government employees are also demanding an increase in the allowance for conveyance in the budget for 2024-24 when petrol prices rise to their highest that has been recorded Pak history. The employees receive Medical Allowance BPS-01 to BPS-16 for just 1500dollars per month. This is lower than the consultation fees of a licensed medical professional. They want the Government to increase it to the minimum of 5000monthly.
A rise in rent also forces employees to submit a request to raise to increase the House Rent Allowance ( HRA).
The Prime Minister Shehbaz Sharif said in his cabinet session that the government were aware of the issues facing the lower and middle classes. The constant rise in the prices of basic commodities have an effect on the lives of the workers. They’ll try to increase the pensions and salaries as much as they are able to.