May 08

Budget 2014-15 Employees Pay and Pension Increase 12-20%

Budget 2014-2015Finance Minister of Pakistan Ishaq Dar has said that government is likely to raise salaries of employees by 10% in budget 2014-15.

According to sources Prime Minister Nawaz Sharif government is planning for increase in pension and pay of employees from 12% to 20%.

Old Pensioners will get maximum increase in pension and new pensioners will get less increase in pension.

According to sources, Ishaq Dar told to EAC that opposition suggested an increase of 30%, however it is not possible due to prevailing economic condition of Pakistan.

May 07

Govt Employees Salaries Increases Budget 2014-2015

Budget 2014-2015ISLAMABAD: Federal Minister for Finance Muhammad Ishaq Dar said on Thursday that in line with the past practice, Govt Employees Salaries Increases Budget 2014-2015 the government will take the decision about the increase in pay and pension of government employees before the announcement of budget for 2014-15, June.

According to sources, Ishaq Dar told to EAC that opposition suggested an increase of 30%, however it is not possible due to prevailing economic condition of Pakistan. Prime Minister of Pakistan and Federal Cabinet will take final decision keeping in view the inflation rate and miseries of salaried class.

Jun 17

Sindh Govt presents Rs 617 billion budget

KARACHI: The Sindh government has presented its budget in the provincial assembly for the fiscal year 2013-14 having a total outlay of Rs 617 billion.

Chief Minister Syed Qaim Ali Shah presented the budget in the Sindh Assembly.Sindh Govt Budget

Sindh Assembly Speaker Agha Siraj Durrani was presiding over the budget session. In his opening remarks, the chief minister said that people of the province preferred policies of the Pakistan People’s Party led government in Sindh.

“We have emphasized more on utilization of resources, Pakistan will progress if Sindh will prosper,” he said.

He announced 10 to 15 percent increase in the salaries of Sindh government employees of grade 1-15 and a ten percent increaace for employees of grade 16 and above. Pensions were also increased by ten pecent and the minimum pension was raised from Rs 3,000 to Rs 5,000.

Rs 89 million have been earmarked to improve the performance of the police and Rs 48 billion for improving law and order situation. The chief minister announced 20,000 recruitment in Sindh police. He also vowed to create 150,000 jobs in the province.

300,000 youth will get vocational training with the help of World Bank, he added.

He said that the government has allocated Rs 2 billion for Benazir Income Support Program (BISP) 32 billion for development projects and 11 billion for power distribution companies.