Govt workers get 15pc salary raise

Govt workers get 15pc salary raise

Fede­ral Government has Spiked the Salaries

The fede­ral government has spiked the salaries of government employees by a whopping 15 percent and approved the amalgam of ad hoc allowances with their basic salary. Finance Minister Miftah Ismail announced the development during his budget speech on Friday.

Country is Witnessing the Worst-Ever Financial Crisis

“The country is witnessing the worst-ever financial crisis,” he said while reading the announcement. “However, the government is cognizant of the issues of government employees. Inflation has adversely affected the purchasing power of people as a whole. The salaried class in particular is the most impacted one.”

Protecting Government Employees From Inflation

Ismail said the government, despite its dire resources and extreme financial constraints, was adamant about protecting government employees from inflation.

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The merger of ad hoc allowance was a longstanding demand of the government employees. As per experts, the merger will boost employees’ take-home salaries and pensions, enhancing those allowances and perks that are pegged to basic pay. These include transportation, house rent, and medical allowances.

Sum Of 530 Billion Ruppes Allocated in Budget

A sum of Rs530 billion has been allocated in the budget for pensions of retired employees. The finance minister said that the government had also established a pension fund, with Rs10 billion allocated to it.

Finance Minister Has Already Notified the 10 PC Increase

It may be remembered that Prime Minister Shehbaz Sharif had in his inaugural speech announced a 10pc increase in payouts for pensioners with effect from April 1. The finance ministry has already notified the 10pc increase in net pension for all employees of the federal government, including those paid from defense estimates, as well as retired members of the armed forces. 

President Dr Arif Alvi has also approved a 10pc increase in the salaries and allowances of superior court judges

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