Budget 2014-15 – Increase in Pay, Pension, Conveyance and Medical Allowances
Finance Minister Ishaq Dar Presented the Annual Budget in national Assembly
Islamabad (Breaking News / Tuesday, June 3, 2014) – Federal Minister for finance Mr. Muhammad ishaq Daar has proposed a 10 percent ad-hoc relief in the salaries of federal government employees.
For welfare of the labour class, and in line with the increase in pay of government employees, the minimum wage rate is also being increased from Rs.10000/= to Rs.11000/=.
A 10% increase will be allowed to those employees in Grade-1 to 15 drawing fixed medical allowance of Rs.1000/= per month.
Considering the difficulties faced by low pension employees, Dar announces a further increase of Rs. 1000/= in minimum pension to make it Rs.6000/=.
Ten percent ad-hoc relief will be allowed to all federal government employees with effect from July 1, 2014. This will be calculated on the running basic pay of the public servant.
Minimum Monthly Salary of Workers
and the minimum monthly wage raised to Rs12,000 from Rs10,000.
Increase in Pension
Ten percent increase in pension will also be allowed to all retired federal government employees.
The Minimum pension is being raised from Rs5000 to Rs6000.
Conveyance allowance for employees of Grade 1-15 is proposed to be increased by 5 percent.
Medical Allowance for the Employees having grade 1 to 15 has been increased upto Rs.1000 per month