Summary proposing 15% special allowance for employees of armed forces sent to cabinet geo.tv - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from geo.tv Daily Mail and Mail on Sunday newspapers.
Govt proposes 15% special pay allowance for armed forces
Ministry of Finance moves summary for consideration of cabinet
A photo of Pakistan army. PHOTO: AFP
ISLAMABAD:
The government has proposed 15% further increase in salaries for all the ranks of the armed forces aimed at compensating minimal or no increase in their salaries during past two years and ending disparities in pay structures.
The Ministry of Finance has moved the summary for the consideration of the federal cabinet, which is based on recommendation by the Pay and Pension Commission, according to a senior official of the ministry.
Prime Minister Imran Khan has directed to place the summary in the next cabinet meeting, according to a summary that the federal cabinet will take up on Tuesday. The finance ministry has proposed grant of special allowance 2021 at the rate of 15% of the running basic pay to all the ranks of the armed forces with effect from 1-07-2021 . The total (financial) impact would be Rs38 billio
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10pc raise in salaries, pensions Govt makes allocation of Rs160 bn
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.
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.