Aaj English TV

Monday, July 15, 2024  
08 Muharram 1446  

Federal cabinet approves up to 25% increase in salaries

PM Shehbaz to make the announcement

The federal cabinet has approved an increase of up to 25% in the salaries of government employees, ahead of the budget presentation in the National Assembly.

The cabinet meeting, chaired by Prime Minister Shehbaz Sharif, also approved a 15% increase in pensions, according to official sources.

A 25% raise has been approved for government employees in grades 1 to 16 while those in grades 17 to 22 will receive a 20% increase.

Additionally, the cabinet has also approved financial packages for farmers, youth, and industries as part of the upcoming budget.

The federal cabinet has approved a budget of over 18 trillion rupees for the next fiscal year.

PML-N leader Rana Sanaullah confirmed that Prime Minister Shehbaz Sharif will announce the increases in salaries and pensions in his address to the National Assembly.

This move is seen as a significant step by the government to address the concerns of its employees and pensioners, particularly in the wake of the rising cost of living in the country.

For the latest news, follow us on Twitter @Aaj_Urdu. We are also on Facebook, Instagram and YouTube.


budget 2024 25