Budget Proposals – Pay Scale Revision, Pension and House Hiring Ceiling Increase
Islamabad (Saturday, May 30th, 2015 / Daily Dunya News Report) – In Federal budget 2015-16 there would be three major initiatives for the Government Employees:-
1- Basic Pay Scale (BPS) Revision
2- Residential Hiring Ceiling increase upto 65%
3- Increase in Pension of all Pensioners upto 15%.
While following allowances would not be raise in current budget 2015-2016.
1- Medical Allowance
2- Conveyance/Transport Allowance
3- Other Allowances
On New Revised Pay Scales, the increase in Salaries upto 7 percent.
Mergers of Allowance in Basic Pay
Out of five ad-hoc allowances 55 percent allowances will be merged in Basic pay. While others will be frozen yet.
Announcement will be made in Budget Speech in National Assembly on Friday, June 5, 2015 by Finance Minister Mr. Ishaq Daar.