The federal cabinet has given the green light to the budget proposals for the fiscal year 2023-2024, which include a significant increase in the salaries of government employees. The decision comes in response to the ongoing challenges posed by high inflation, particularly affecting the vulnerable sections of society.

Following consultations with various stakeholders, the government has approved a salary hike of up to 35% for government employees. In addition, pensions will also see an increase of 17.5% in the upcoming fiscal year.

According to reliable sources, employees in grades 1 to 16 will witness a 35% increase in their salaries, while those in grades 17 and above will receive a 30% raise. This move aims to address the financial difficulties faced by government employees and ensure a more equitable income distribution.

Furthermore, the government has set the minimum wage at Rs. 32,000, which will provide a baseline level of income security for workers across the country.

In response to the recommendations put forth by the Pay and Pension Commission, the government has also considered other measures to improve employee welfare. The commission proposed a 100% increase in medical and conveyance allowances for government employees, along with a 10% increase in ad hoc allowances.

These decisions reflect the government’s commitment to improving the economic well-being of its employees and addressing the challenges posed by inflation. By increasing salaries and pensions, the government aims to provide relief to government employees who have been facing financial hardships due to rising prices and cost of living.

The approved budget proposals will now proceed for further deliberation and implementation. The government’s objective is to create a more favorable economic environment, ensuring that government employees receive fair compensation and fostering overall social welfare.