Budget Highlights 2018-19, Big Relief for Govt Employees – Breaking News

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Budget Highlights 2018-19, Big Relief for Govt Employees – Breaking News

Budget 2018-19 and Govt Employees Pay and Pension Increase - Online
Budget 2018-19 and Govt Employees Pay and Pension Increase – Online

Annual fiscal budget is being presented in national assembly of Pakistan. Federal finance minister Mr. Miftah Ismail is announcing the budget in a live speech.

Opposition parties consist of PPP and PTI and others MNAs like Jamshed Dasti tries their best to interrupt the budget speech. But Finace minister rmaoned clam and showed consistency in delivering the speech. MNA from Swat (PTI) Mr. Murad Saeed tried to attack the PLMN MNAs bur his fellows stopped him to do so. While Ch. Abid Sher Ali also took part in the tussle.

Big Relief in Tax for Salary persons

Federal Government has declared tax free for the salaries person having income Rs.12,00,000 per annum. This will provide big relief to all Government and private sector employees.

House Rent Allowance Increase News (Previous)

Family Pension Increased (Rs.7500)

In Federal budget 2018-19, The family pension for the widows of pensioners has been increase from Rs. 4500 to Rs.7500 per month.

Minimum pension for pensioners (Rs.10,000 and Rs.15,000)

Minimum for pension has been increased from Rs. 6000 to Rs.10000. While pensioners having age 75 and more will get minimum pension of Rs.15,000.

Adhoc Relief Allowance 10%

Pension Increase @10%

House Rent allowance has been Increased 50%

House rent Ceiling has been also Increase 50%

Overtime rate Increased Rs.40 to 80 per Hour

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