INP-WealthPk
Budget 2018-19: 10% increase in salaries, pension of federal employees
April 27, 2018
ISLAMABAD, April 27 (INP): The federal government has proposed an increase of 10 percent in salaries and pensions of the government employees in Budget 2018-19. On Friday, Federal Finance Minister Miftah Ismail presented the sixth budget of the incumbent PML-N government with a total outlay of Rs 5.932 trillion on Friday (today). The minimum pension is raised Rs6,00 to Rs10,000. Moreover, Rs15,000 has been fixed for pensioners who are over 75 years of age. Similarly, family pensions have also been increased from 4500 to 7500. Earlier in 2017, the incumbent government had announced 10 percent increase in the salaries of federal government employees under the budget 2017-18. Finance Minister Miftah Ismail highlighted the efforts made by the government to revive the economy, which, according to him was in shambles after Pakistan Muslim League Nawaz assumed office. Let it be known that the current year’s budget is the first one under the chair of Prime Minister Shahid Khaqan Abbasi.
