Aaj English TV

Tuesday, July 23, 2024  
17 Muharram 1446  

Budget 2024-25: Salaries, pensions and minimum wage increased

Salaries raised by 25% upto grade 1-16

Finance Minister Muhammad Aurangzeb announced increase in salary and pensions for government employees in the budget 2024-25 on Wednesday.

The minimum wage has also been raised to Rs37,000.

In addition, the salaries of govt employees from grades 1-16 have been raised by 25% while salaries for grades 17-22 have been raised by 20%.

In addition, the pensions of government employees have been raised by 15%.

Earlier, the federal government had approved upto 25% increase in salaries.

The approval came just minutes before the budget was presented in the 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.

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