Expected Increase in Pay and Pension in Budget 2018-19
federal Government of Pakistan is announcing annual fiscal budget tomorrow. The Federal finance minister will submit budget 2018-2019 in the national assembly. Total volume of the budget will be 5500 billion rupees. Total expected tax receiving is estimated at Rs.4433 billions. While development funds will be Rs.1033 billions.
It is expected that Government will again revise the Basic pay scales. In last 5 years Federal Government has Revised Pay Scales three times.
Increase in Salaries and Pension of Govt employees
Federal Government is working on three options for raising the salaries and pension of public servants.
10% to 15% Increase in Pays
Merging of two previous adhoc allowance in basic pay and then increase in Salary of all employees will be 10%.
Merging of 1 adhic relief alliance and then new adhoc relief allowance of 15%.
Others Increase in Allowances?
Pension Increase of the Pensioners
Expected increase will be from 15% to 25%.