Tuesday, December 24, 2024

Minimum Monthly Wage of Workers Increased by Punjab Government

According to the officials, the Punjab government has recently increased the minimum monthly wage of the workers by total of Rs.2,000. The wage has been increased from the amount of Rs.17,500 to Rs.19,500; meanwhile the minimum daily wage has also been fixed at Rs.750 per day.

Notification regarding this was issued by Punjab Minimum Wages Board on Tuesday. However, this will be implemented with an effect of July 1st, 2021.

As per the reports, the board has also asked the stakeholders as to make their suggestions or any objection known within a month regarding this increase in wages of the labourers.

Ansar Majeed, the Labour Minister said that the monthly contribution of from the workers of Rs.40 has been abolished. He further said, “The workers have also been given a relief of over R.s4.5 billion per annum; whereas, the industrialists have also be given a relief of Rs.5.5 billion as in the form of fines of social security.

Mehjabeen Qasim
Mehjabeen Qasimhttps://startuppakistan.com.pk/
Business Journalist at Startup Pakistan

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