PM Shehbaz Sharif announces 10% increase in civil, military pensions

MG News | April 11, 2022 at 10:21 PM GMT+05:00

0:00

April 11, 2022 (MLN): The newly elected Prime Minister of Pakistan Mian Muhammad Shehbaz Sharif has announced in his maiden speech a 10% increase in civil and military pensions with effect from April 01, 2022, which will help elderly pensioners and also address the disparity in pensions.

The National Assembly on Monday elected Pakistan Muslim League-Nawaz (PML-N) President Mian Muhammad Shehbaz Sharif as Leader of the House, who secured 174 votes.

During his speech, he announced a number of relief measures for the low-income people including raise in the minimum wage to Rs25,000 per month effective April 1 which will allow workers to face PTI’s daunting inflation.

He has also requested the business community to give a 10% increase to all employees who are making less than Rs100,000 per month.

Youth will be provided skills and technical education to become useful citizens of the country. In addition, Benazir Card will also be revived, he added.

He also announced the provision of subsidized flour under the Ramazan package.

Related News

Name	Price/Vol	%Chg/NChg
KSE100	163,806.22 500.44M	-0.39% -638.50
ALLSHR	99,845.79 1,977.49M	-0.42% -417.42
KSE30	50,123.85 153.24M	-0.68% -343.31
KMI30	238,530.50 71.49M	-0.36% -850.63
KMIALLSHR	65,898.10 543.80M	-0.37% -245.35
BKTi	46,380.96 92.15M	-0.49% -229.01
OGTi	31,857.40 12.33M	-1.20% -387.93

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	108,870.00	109,605.00 108,870.00	2195.00 2.06%
BRENT CRUDE	61.14	61.55 61.13	-0.15 -0.24%
RICHARDS BAY COAL MONTHLY	80.50	0.00 0.00	-1.00 -1.23%
ROTTERDAM COAL MONTHLY	93.20	93.50 93.20	0.05 0.05%
USD RBD PALM OLEIN	1,085.00	1,085.00 1,085.00	0.00 0.00%
CRUDE OIL - WTI	57.02	57.43 57.02	-0.13 -0.23%
SUGAR #11 WORLD	15.53	15.88 15.45	-0.27 -1.71%