Friday, October 4, 2024

Government to Increase 5-15% Salaries of Government Employees in Upcoming Budget

The government is considering three options to increase salaries by 515% in the budget for the next financial year, as the Pay and Pensions Commission failed to produce a report ahead of the next budget, leading to the Prime Minister’s decision to grant another expansion.

The Department of Finance issued a notice to the Pay and Pensions Commission announcing the granting of a further extension.

The deadline for submitting the Commission’s recommendation was June 30 2022.

First-level official sources said that from March 1, 2022, the first PTI-led government granted a 15% inequality reduction allowance for civil servants seconded from grades 1 to 19.

Yet, the new government of Prime Minister Shehbaz Sharif-led announced another 10% increase in pensions and raised the minimum wage to 25,000 per month.

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