(Grade 1 -16) 5% Salary Increase for Govt Employees in Budget 2022 shared by Today Pak News. If approved, this can be the second boom with inside the salaries of presidency personnel in 4 months.
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The Pakistan Tehreek-e-Insaf (PTI) authorities had granted a fifteen percentage disparity discount allowance for grade 1 to 19 officials in March. Subsequently, the brand new authorities led via way of means of Prime Minister Shehbaz Sharif has introduced some other 10 percent increment in pensions and has expanded the minimal month-to-month revenue to Rs. 25,000.
Talks with the International Monetary Fund (IMF) are ongoing, but Pakistan’s $6-billion bailout programme has yet to be revived.
Meanwhile, Consumer Price Index inflation for the current fiscal year increased to 11.3% as against 8.8% during the same period last year. Other inflationary indicators like Sensitive Price Indicator was recorded at 16.7% as against 13.5% last year. Wholesale Price Index was recorded at 23.6% compared to 8.4% same period last year.
Salary Increase for Govt Employees in Budget 2022
Under the heading of ad hoc allowance, a 5pc to 10% increase is suggested for employees working in grades up to BS 19, while a 10% to 15% increase is suggested for government officials working in BS 20-22.
If govt go for higher increase like 10 to 15pc then it’s difficult for govt to satisfy IMF and if govt increase the salaries with only 5pc then it will be easy for govt to handle with IMF conditions.
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While on other side fuel prices and inflation is going high and salaries persons are looking towards govt to get some relief.
But govt is in hot water as they can not afford more increase in salaries.
Sources told that if govt increase salaries with 5pc then govt employees of bps1-bps16 will get benefit of 550 rupees per month in their salaries after deduction of tax.
Govt employees from bps17-bps22 will get 1750 rupees increase in their salaries with 5pc increase.
Pay scales were revised in 2017 and now it’s 5 years past and there is no chance of revision and due to this basic salaries are less and other allowance are freezed on 2017 salaries.
Budget 2022-2023 will be announced on 10 June 2022.