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Home News

Govt Notifies Increase in Pension and Minimum Wage

by News Publishing
April 15, 2022
in News, Politics
Reading Time: 1 min read
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Govt Notifies Increase in Pension and Minimum Wage
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Prime Minister Shahbaz Sharif announced after taking the oath of office that the government will increase federal government pensioners’ pensions by 10% and raise the minimum wage to Rs.25,000 with effect from April 1, 2022.

On Thursday, the Finance Ministry issued an Office Memorandum stating that until further orders, all civil pensioners of the federal government, including civilians paid from defense estimates, retired armed forces personnel, and civil armed forces personnel, will be eligible for an increase in pension.

The increase will also apply to a family pension awarded under the pension-cum-gratuity Scheme of 1954, the liberalization pension regulations of 1977, and pensions sanctioned under the central civil services (exceptional pension) guidelines, as well as compassionate allowance.

According to the Office Memorandum, if the federal government’s gross pension is shared with any government following the rules laid out in Part-IV of Appendix-III to the Accounts Code Volume-I, the amount of the increase in pension will be apportioned proportionately between the federal government and the other government concerned.

Meanwhile, the President of Pakistan has ordered that all civil employees of the federal government, as well as civilians paid from defense estimates, including contingent, paid staff and contract employees against civil posts in the basic pay scale on standard terms and conditions of contract appointment, receive a minimum gross salary of Rs. 25,000 beginning April 1, 2022, and continuing until further orders.

Tags: finance ministryGovernmentlatestMinimum wagePensionsPM Shahbaz Shareef
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