Minimum wage increased to Rs20,000/month

KARACHI: Imran Khan led government has announced increase in monthly minimum wage to Rs20,000 from existing Rs17,500.

Finance Minister Shaukat Tarin while presenting the budget on floor of the house, announced to increase the minimum wage to Rs20,000 to reduce the burden on lower income group of rising prices.

The minister also announced increase in pay and pension by 10 percent effective from July 01, 2021.

He said that the government was aware of high prices and difficulties faced by the lower income group. He said that last year the government had taken austerity measures and due to this increase in salary and pension was not granted.

He said that the economy had improved now and the government decided to increase the salary and pension by 10 percent.

He said that from July 01, 2021 all employees of federal government would get adhoc relief of 10 percent. Similarly, pensioners would get increase of 10 percent in their pension from July 01, 2021.

The government decided to increase integrated allowance for Grade 1 to Grade 5 employees of federal government from Rs450 to Rs900.

Bookmark the permalink.

Comments are closed.

  • RSS Newsnreleases

    • Shell, Uber and Muawin collaborate for innovative fuel management solutions 29-Jul-2021
      KARACHI, PAKISTAN: Shell Pakistan Limited collaborated with Uber and Muawin by Cashew Financial Services, to deliver a fuel management solution with... Continue reading The post Shell, Uber and Muawin collaborate for innovative fuel management solutions appeared first on NewsnReleases.
    • TotalEnergies exits from Petrocedeño 29-Jul-2021
      PARIS, FRANCE: TotalEnergies, through its affiliate Total Venezuela, has decided to transfer its non-operated minority participation of 30.32% in Petrocedeño... Continue reading The post TotalEnergies exits from Petrocedeño appeared first on NewsnReleases.
    • TotalEnergies to power Amazon’s operations with renewables 29-Jul-2021
      PARIS, FRANCE: TotalEnergies has announced a strategic collaboration with Amazon through which TotalEnergies will contribute to Amazon’s commitment to power... Continue reading The post TotalEnergies to power Amazon’s operations with renewables appeared first on NewsnReleases.
    • Raymond James agrees to acquire Charles Stanley Group for £278.9 million 29-Jul-2021
      LONDON, UK: Raymond James UK Wealth Management Holdings Limited (Bidco) has agreed to buy entire issued and to be issued... Continue reading The post Raymond James agrees to acquire Charles Stanley Group for £278.9 million appeared first on NewsnReleases.
    • ESO Investments acquires majority stake in Hamsard 3634 29-Jul-2021
      LONDON, UK: EPE Special Opportunities Limited (ESO) through ESO Investments 1 Limited acquired a majority stake in Hamsard 3634 Limited,... Continue reading The post ESO Investments acquires majority stake in Hamsard 3634 appeared first on NewsnReleases.