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10pc raise in salaries, pensions Govt makes allocation of Rs160 bn

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

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.

Negative primary balance to minor surplus: Govt asks IMF to revise downward pace of fiscal adjustments

ISLAMABAD: The government has asked the Fund to revise the downward pace of fiscal adjustments for converting the primary balance from negative in the outgoing fiscal year into a minor surplus for.

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