Salaries Pension Increase In Budget 2024-2025 In Pakistan : ISLAMABAD: The federal budget for 2024-25, which is about Rs18,000 billion, will be presented in Parliament on Wednesday. The budget plans to increase public sector employee salaries by 10-15% and aims to collect Rs12.9 trillion in taxes. The Finance Minister presented the budget in the National Assembly on June 12, 2024. He announced a 25% salary increase for BPS-01 to BPS-16 employees and a 20% increase for BPS-17 to BPS-22 government employees, effective from July 1, 2024. Additionally, the government has increased pensions by 15% for all pensioners.

Salaries, pension increase in federal budget 2024-25

The details of pension and salary increases for government employees in the Budget 2024-25, as per the budget speech, are as follows:

• BPS-01 to BPS-16 employees will get a 25% increase in their current basic pay.
• BPS-17 to BPS-22 employees will get a 20% increase in their current basic pay.
• The minimum wage has been raised from Rs. 32,000/- to Rs. 37,000/- per month.
• Pensions will increase by 22% of the net pension.

The government has increased the salaries of government employees by 20% to 25%, starting from July 1, 2024. The Finance Minister also announced a 15% increase in pensions, effective from July 1, 2024.

Expected Salaries in Pakistan from July 2024

ISLAMABAD – The PML-N led federal government will present its first budget for the fiscal year 2024-25 on June 12, with a total outlay of Rs18,000 billion. Federal employees can expect a significant increase in their salaries and pensions. www.fbr.gov.pk

Reports suggest that the government plans to propose a 10 to 15 percent increase in salaries and pensions for government employees.

Meanwhile, the government  expected to set a tax collection target of Rs12.9 trillion for the next fiscal year. With debt and interest payments estimated at Rs9.5 trillion. For more information visit our website .edufy.pk

Reports indicate that the government is likely to raise the sales tax rate by one percent to collect additional revenue.