Salary and pensions may rise by 10-15 pc in 2017-18

The government is likely to review the pension and salary scales of government employees extensively. Moreover, a rise of 10 to 15 percent is expected in the pay and pension plan.

Federal Budget for 2017-18 will be announced at the end of next month in which a proposal suggesting an increase in pension and salary scale by 10 to 15 percent will be presented.

The budget for salaries would be increased by Rs 40b to Rs 45b to reach around  Rs 390b to Rs 395b.

Sources in the Finance Ministry are reported to have said that the budget for pension would be enhanced to Rs 25b to Rs 30b, to reach approximately Rs 270b to Rs 275b.

The government may also review the allowances and perks scale of the government employees, which may also increase by the same 10 to 15 percent.

 

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