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.