How-much-increase-expected-in-Salaries-of-Government-employees-in-upcoming-budget-2023-24 In the first week of June 2023, Pakistan’s fiscal year 2023–24 budget is anticipated to be unveiled. According to sources, the Pakistani government is apparently mulling a plan to increase military and government personnel’ pay and pensions by 15% to 30% in the forthcoming federal budget for the fiscal year 2023–2024. The decision is being made as a result of the nation’s skyrocketing cost of living, which has negatively affected the general populace and salaried class Top news NTS Today Jobs.
How much increase expected in Salaries of Government employees in upcoming budget 2023-24
The concept is being discussed as a result of the government’s resource limitations. However, in order to debate the rising costs of necessities and how they are affecting the populace, Prime Minister Shabaz Sharif has called a cabinet meeting. After consultation with the pertinent Ministry of Finance personnel, a decision will be made regarding the wage and pension increase.
Thousands of Pakistani government and military officials are anticipated to profit from the proposed rise in salary and pensions. The salaried class, who have been trying to keep up with the rising cost of living and inflation, would receive much-needed relief from it.
Government and military employees around the nation have reacted favourably to the plan, even if the precise proportion of the hike has not yet been disclosed. The salaried class should experience an improvement in their financial status and some relief during these trying times as a result of the pay and pension rise Gov of Pakistan .
The ongoing rise in inflation and the rising costs of necessities of life will be discussed by Pakistan’s Prime Minister, Shahbaz Sharif. The prime minister convenes a cabinet meeting to consider how to pay the civil and military employees for their work in this regard. Inflation affects all commercial communities in addition to the salaried community, which includes the public service and military. They primarily come from lower- and middle-class backgrounds. Their incomes each month are insufficient to cover their living costs. Their salaries or monthly income do need to increase.