10pc raise in salaries, pensions Govt makes allocation of Rs160 bn
July 6, 2021
ISLAMABAD: The government has made a block allocation of Rs160 billion for providing 10 percent raise in salaries and pensions to the public sector employees during the current fiscal year 2021-22.
Now it seems that the monster of pension liability is all set to cross the Rs500 billion mark at the federal level and is estimated to be standing at Rs520 billion for the current fiscal year. Out of the allocation of Rs500 to Rs520 billion, almost 80 percent of the pension amount is consumed by military personnel while 20 percent is meant for the civilian side during the current fiscal year.
10pc raise in salaries, pensions Block allocation of Rs160b made
July 6, 2021
ISLAMABAD: The government has made a block allocation of Rs160 billion for providing 10 percent raise in salaries and pensions to the public sector employees during the current fiscal year 2021-22.
Now it seems that the monster of pension liability is all set to cross the Rs500 billion mark at the federal level and is estimated to be standing at Rs520 billion for the current fiscal year. Out of the allocation of Rs500 to Rs520 billion, almost 80 percent of the pension amount is consumed by military personnel while 20 percent is meant for the civilian side during the current fiscal year.
Govt claims rich, poor disparity has declined
June 29, 2021
ISLAMABAD: The Ministry of Finance on Monday stated that the disparity between the rich and the poor has declined in Pakistan on the basis of the latest official survey.
The ministry claimed that the provisional growth figures of 3.94 per cent released by the Pakistan Bureau of Statistics (PBS) in May 2021 may exceed in the back of strong expansion in industrial activity.
The monthly economic update and outlook released by the ministry stated that the Planning Commission assessed that poverty has declined in Pakistan. The Gini coefficient is used to measure the incidence of income inequality. It is observed that the value of Gini coefficient also decreased from 0.326 in FY2016 to 0.303 in FY2019, which shows that the disparity between the rich and the poor has declined. In rural areas, the Gini coefficient has declined from 0.266 in FY2016 to 0.248 in FY2019, whereas in urban areas, inequality also decreased from 0.356
Govt claims rich, poor disparity declines
June 29, 2021
ISLAMABAD: The Ministry of Finance on Monday stated that the disparity between the rich and the poor has declined in Pakistan on the basis of the latest official survey.
The ministry claimed that the provisional growth figures of 3.94 per cent released by the Pakistan Bureau of Statistics (PBS) in May 2021 may exceed in the back of strong expansion in industrial activity. The monthly economic update and outlook released by the ministry stated that the Planning Commission assessed that poverty has declined in Pakistan.
The Gini coefficient is used to measure the incidence of income inequality. It is observed that the value of Gini coefficient also decreased from 0.326 in FY2016 to 0.303 in FY2019, which shows that the disparity between the rich and the poor has declined. In rural areas, the Gini coefficient has declined from 0.266 in FY2016 to 0.248 in FY2019, whereas in urban areas, inequality also decreased from 0.356 in
June 29, 2021
ISLAMABAD: The Ministry of Finance on Monday stated that the disparity between the rich and the poor has declined in Pakistan on the basis of the latest official survey.
The ministry claimed that the provisional growth figures of 3.94 per cent released by the Pakistan Bureau of Statistics (PBS) in May 2021 may exceed in the back of strong expansion in industrial activity. The monthly economic update and outlook released by the ministry stated that the Planning Commission assessed that poverty has declined in Pakistan.
The Gini coefficient is used to measure the incidence of income inequality. It is observed that the value of Gini coefficient also decreased from 0.326 in FY2016 to 0.303 in FY2019, which shows that the disparity between the rich and the poor has declined. In rural areas, the Gini coefficient has declined from 0.266 in FY2016 to 0.248 in FY2019, whereas in urban areas, inequality also decreased from 0.356 in FY2016 to 0.328 in FY2019, showing the dispa