Interest of government treasury bills and bonds has been rising gradually since March 2022.In December last year, the yield of 364-day treasury bills (T-bills) stood at 11.28 percent, the highest in 11 years, against the backdrop of government's borrowing from the financial market, witnessing tightening liquidity supply. The rising yield of T-bills and bonds, dubbed zero-risk
Unleashing the Blue Pacific s Potential: Empowering Cities for a Sustainable Future pina.com.fj - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from pina.com.fj Daily Mail and Mail on Sunday newspapers.
The total cost of a Grade 21 civil servant officer is estimated to be 12 percent higher than that of a United Nation’s (UN) national officer, a study carried out on “Civil Service Compensation: Incentives, Dissatisfaction and Costs” by Pakistan Institute of Development Economics (PIDE) revealed.
In addition to direct monetary remunerations, the civil servants also enjoy in-kind benefits worth billions of rupees. These include housing, vehicles, job security, and medical allowances.
The public-owned houses have a minimum market value of Rs. 1.45 trillion and can generate an annual rental income of Rs. 10.75 billion. The report also outlined that the cost of using an official car exceeds the basic salary of employees in BPS 20-22.
Salaries, perks of Grade 21 officer higher than UN officer
National
Illustration.
ISLAMABAD: Civil servants in Pakistan are not at a salary disadvantage when compared to their counterparts in the private sector. And the total cost of a Grade 21 officer is estimated to be 12pc higher than a UN national officer, unfolds the in-depth study on Civil Service Compensation: Incentives, Dissatisfaction and Costs done by (Pakistan Institute of Development Economics) PIDE.
The civil servants also enjoy in kind benefits of worth billions of rupees like housing, official cars, job security and medical allowances. The public-owned houses have a minimum market value of Rs 1.45 trillion and can generate an annual rental income of Rs 10.75 billion.
ISLAMABAD: Civil servants in Pakistan are not at a salary disadvantage when compared to their counterparts in the private sector. And the total cost of a Grade 21 officer is estimated to be 12pc.