Current revenue footing bill of pensions unsustainable
July 10, 2021
ISLAMABAD: Pakistan’s pension bill has gone up by 92 percent at the federal level while it ballooned in the range of 78 to 113 percent among the four provinces during the last five years, indicating that this monster was increasing at a supersonic speed, making it unsustainable.
“Both nominal and real pension burdens have seen an increasing trend. The amount of federal pension has increased around 18pc annually in real terms (Economic Survey of Pakistan, 2020). Over the past five years, all the provinces have seen growth in annual pension bill ranging from 78-113pc,” it was the crux of the report titled “Government Pension and Fiscal Sustainability” prepared by Foreign Commonwealth and Development Office (FCDO)’s Sustainable Energy and Economic Development (SEED) Programme in collaboration with the Sustainable Development Policy Institute (SDPI) for the PTI led provincial KP government.
Current revenue footing bill of rising pensions unsustainable
July 10, 2021
ISLAMABAD: Pakistan’s pension bill has gone up by 92 percent at the federal level while it ballooned in the range of 78 to 113 percent among the four provinces during the last five years, indicating that this monster was increasing at a supersonic speed, making it unsustainable.
“Both nominal and real pension burdens have seen an increasing trend. The amount of federal pension has increased around 18pc annually in real terms (Economic Survey of Pakistan, 2020). Over the past five years, all the provinces have seen growth in annual pension bill ranging from 78-113pc,” it was the crux of the report titled “Government Pension and Fiscal Sustainability” prepared by Foreign Commonwealth and Development Office (FCDO)’s Sustainable Energy and Economic Development (SEED) Programme in collaboration with the Sustainable Development Policy Institute (SDPI) for the PTI led provincial KP government.
China s SEZ Model Brings Economic Development to Pakistan--China Economic Net en.ce.cn - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from en.ce.cn Daily Mail and Mail on Sunday newspapers.
ISLAMABAD: The National Assembly Friday approved 68 demands for grants worth Rs804.710 billion, having no cut motions on them after voice voting in the House. Pakistan Muslim League Nawaz PMLN.
ISLAMABAD: The National Assembly Friday approved 68 demands for grants worth Rs804.710 billion, having no cut motions on them after voice voting in the House. Pakistan Muslim League Nawaz PMLN.