Business
Raise in salaries and pensions notified
The ministry has also reviewed the pay scales of government employees.
Islamabad: The federal government has notified 15% raise in salaries and a 5% increase in pensions.
According to the notification, the finance ministry issued the notification in this regard on Friday saying that the raise will take effect from July 1, 2022.
The increase in salaries was made on the basis of the basic salary of 2017.
The ministry has also reviewed the pay scales of government employees.
The new pay scales will be applicable from July 1, 2020, the notification said adding that the new pay scales will be applied in place of the 2017 pay scales.
The notification elaborated that after the new pay scales, all five ad hoc reliefs will be merged together.
Regarding pensions, the notification further read that previously on April 1, 2022 pensions had been increased by 10%, and now 5% raise was announced.
It was added in the notification that retired officials of the armed forces as well as of the civil armed forces would also be entitled to the raise in pensions.
Furthermore, it read that the decision also covered the officials retiring after July 1, 2022.