Government to raise salary and pension by 10-15% in 2017-18

ISLAMABAD – The government is expected review the pension and salary scale of government employees extensively and might raise the pay and pension plan by 10 to 15 percent.

Federal Budget for 2017-18 will be announced by last week of next month and a proposal to increase pension and salary scale by 10 to 15 percent may also be tabled.

The budget for salaries would be raised by Rs 40 billion to Rs 45 billion. The overall budget for salaries would reach around Rs 390 billion to Rs 395 billion.

According to the sources at the Finance Ministry, the budget for pension would be enhanced to Rs 25 billion to Rs 30 billion, increasing to Rs 270 billion to Rs 275 billion.

The government might also review the allowances and perks scale of the government employees, which might also witness an increase in same number, i.e. 10 to 15 percent.

Read More:  Budget 2018 likely to focus on rural areas after narrow win in Gujarat election - Times of India