Salaries for government employees increased by 35%.
salary of government employees
There has been a significant increase, up to 35%, in the salary of government employees.As per the instructions of the Prime Minister Shehbaz Sharif, the Cabinet has approved a minimum pay of Rs32,000.On Friday, the federal government hiked the salaries and pensions of civil officials by up to 35% and 17.5% through ad hoc allowances. These increases went into effect immediately.According to the information provided, the salaries of the employees working in Grades 1 through 16 will be increased by 35%, while the salaries of the employees working in Grades 17 and beyond would receive a 30% hike.
pension
In addition, the government has given its approval for an increase in a pension of 17.5% for the upcoming fiscal year 2023-24.Aside from that, the government established the minimum wage at Rs32,000; at first, it was established at Rs30,000; however, on the instructions of Prime Minister Shehbaz Sharif during the cabinet meeting, Rs2,000 were added to it in order to reflect the increase.The Pay and Pension Commission had suggested that the government consider a 100% increase in medical and conveyance allowances for government employees, in addition to a 10% rise in ad hoc allowances.
Minister of Finance
This was in addition to the recommendation that the government consider increasing ad hoc allowances.Ishaq Dar, the Minister of Finance, stated today in his budget speech that the government is aware of the problems experienced by government employees and that, bearing this in mind, many initiatives are being taken for the relief of government employees.According to Dar, the bare minimum for a pension is going up to Rs12,000 per month. In addition to that, he promised an increase in the EOBI pension to Rs10,000.
HBFC
In addition to this, it has been suggested that the government will settle the debts of widows up to one million rupees through the House Building Finance Corporation (HBFC), and the maximum deposit that can be made into national bank accounts for martyrs will be raised from five million rupees to seven and a half million rupees.The maximum amount you can save with a Behbud Savings Certificate has also gone boosted from 5 million to 7.5 million rupees.
BISP
In a similar vein, the government declared that it will increase the budget for the Benazir Income Support Programme (BISP) by 50 billion rupees, bringing the total budget to 450 billion rupees.According to Dar, a targeted subsidy package worth 25 billion rupees is being considered for the purpose of providing people with products of everyday use through the Utility Stores Corporation.According to the statements made by the federal minister, health insurance cards will be distributed to working journalists and artists.
