In a recent development, the Ministry of Finance has put forward a proposal to enhance the pensions of retired government employees by a substantial 22%. This announcement was made during the budget session in the National Assembly by Finance Minister Mohammad Orangzeb.
According to the proposal, an estimated amount of Rs. 1.14 trillion would be allocated towards this pension increment, reflecting the government’s commitment to improving the welfare of retired public servants.
Moreover, the Finance Minister highlighted that a significant boost in salaries is also on the horizon for government employees across various grades. A remarkable 25% increase is being considered for employees falling in Grade 1 to 16 categories, indicating a broader strategy to uplift the financial well-being of government workforce.
Addressing concerns about minimum monthly salaries, Mohammad Orangzeb emphasized a proposed raise from Rs. 32,000 to Rs. 36,000, signaling a concerted effort to ensure fair and competitive remuneration for all government personnel.
This proposed increment in pensions and salaries reflects the government’s recognition of the invaluable contributions made by retired employees and its commitment to providing them with financial security and dignity in their post-retirement years.
