Mettis Global News
Mettis Global News
Mettis Global News
Mettis Global News

MPS Preview: High for Longer

Government to raise salary and pension by 10-15 Percent in 2017-18

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The government to review the pension and salary scale of government employees extensively and might likely to raise the pay and pension plan by 10 to 15 percent.

  • The government to announce Federal Budget for 2017-18 by last week of next month and would likely to table proposal to increase pension and salary scale by 10 to 15 percent.
  • The budget for salaries would be raised by Rs 40 billion to Rs 45 billion. The overall budget for salaries would reach around Rs 390 billion to Rs 395 billion.
  • According to the sources at the Finance Ministry the budget for pension would be enhanced to Rs 25 billion to Rs 30 billion, increasing to Rs 270 billion to Rs 275 billion.
  • The government might review the allowances and perks scale of the government employees, which might also witness an increase by same number, i.e. 10 to 15 percent.
Posted on: 2017-04-29T12:45:00+05:00