Pakistan govt notifies 25% increase in salaries and pensions

Author:

The government has announced a 15 percent pension increase, along with a 25% ad hoc relief for all federal employees in grades 1 through 16 and 20% for grades 17 through 22, effective from July 1, 2024.

According to the notification, employees in grades 1 to 16 will see a 25% salary increase, while officers in grades 17 to 22 will receive a 20% raise. These adjustments will be applied to the employees’ basic pay starting from July 1, 2024.

Moreover, federal government retirees will benefit from a 15% increase in their pensions, applicable to both civil and armed forces retirees. Employees retiring on or after July 1, 2024, will also be eligible for this pension increase.

The ad-hoc relief allowance for 2024 will be subject to income tax, admissible during leave and the entire period of LPR except during extraordinary leave. It will not be considered part of emoluments for calculating pension/gratuity and recovery of house rent. It will not be available to employees during their posting/deputation abroad but will be admissible to employees upon their repatriation from posting/deputation abroad at the rate and amount that would have been admissible had they not been posted abroad.

Share
Leave a Comment

Recent Posts

  • Pakistan

Parliament passes bills on military chiefs tenure extension, SC expansion

The National Assembly on Monday passed six bills, including one seeking an increase in the…

8 hours ago
  • Pakistan

SBP cuts key policy rate by 250bps to 15pc

The State Bank of Pakistan (SBP) announced on Monday that it had decided to cut…

16 hours ago
  • Pakistan

Verdict reserved on Imran, wife’s bail pleas in 7 cases

The district and sessions court in Islamabad on Monday reserved its verdict on bail pleas…

16 hours ago
  • Pakistan

Six terrorists killed in two KP operations

At least six terrorists were killed by the security forces in two separation operations in…

16 hours ago
  • Pakistan

Punjab has no plan to buy PIA, clarifies minister

Punjab Information Minister Azma Bokhari on Monday said that the provincial government had "no intentions"…

16 hours ago
  • World

Israeli strikes kill 10 in Gaza, keep up pressure on north

Israeli airstrikes killed at least 10 Palestinians in Gaza, with seven dead in an attack…

16 hours ago