10pc raise in salaries, pensions Block allocation of Rs160b

10pc raise in salaries, pensions Block allocation of Rs160b made


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.

Related Keywords

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