Pakistan Budget 2024-25: Salaries Increases

Islamabad: 28 May, 2024

Since start of May, 2024 different speculations about taxes, salaries increments and pension rules amendments in Pakistan Budget 2024-25 are started.

Pakistan Muslim league led Federal government is going to present Pakistan financial budget 2024-25 in first week of June 2024. In either case government is facing a lot of pressure from International Monetary Fund (IMF) and general public.

International Monetary Fund (IMF) Role and Pakistan financial budget 2024-25:

International Monetary Fund (IMF) wants to impose more taxes in terms of electricity and gas bills rise for moving ahead and approval of loans, on the other hand people effected by high inflation rate are expecting and demanding relief from government in coming Pakistan financial budget 2024-25.

Pakistan People’s Party (PPP) Role and Pakistan financial budget 2024-25:

Pakistan People’s Party (PPP) the second highest majority government align also demanding to provide relief to the public. In a recent meeting with Prime Minister Mian Muhammad Shehbaz shareef led by senior Pakistan People’s Party (PPP) member and Ex-prime Minister Raja Pervaiz Ashraf along with other senior Pakistan People’s Party (PPP) members including Naveed Qamar, Murad Ali Shah, and Sheri Rehman discussed Pakistan financial budget 2024-25 and suggested proposals to relief public in coming budget the main and most important proposal was the increase in salaries and pension from 20% to 25%.

Pakistan Federal Government Employees Association:

Before that president on Pakistan federal government employes association Mr. Bajwa also sent his proposal for the upcoming budget in writing to the Minister of Finance. In which he suggested increase in salary 35% for scale 1 to scale 16 and 30% for scale 17 and above further he suggested 25% increase in pension and many others.

Secretary of Finance in his recent interview to newspapers, he presented government point of view and highlighted some important points under discussion and consideration for upcoming Pakistan financial budget 2024-25.

The following are the main points:

· They are may be an increase in salaries from 15% to 25%.

· They are maybe increase in Pension up to 15%.

As time goes on speculation regarding budget are increasing everyone presents their own proposals and suggestions but ultimately the government has to decide what they are going to be done so everyone is in wait of coming national’s assembly budgetary session and finance minister budget speech 2024-25.