ISLAMABAD: Pensions are KP’s largest budget challenge, from less than Rs 1 Billion in 2005 to 83 billion today, a 9500% increase.
KP’s pension bill alone would rise from 80 billion to 507 billion within this decade – almost half (48%) of the budget.
KP has led the way in Pakistan in tackling this issue; increasing early retirement age to 55; reducing the unbelievably bloated pension hierarchy; stopping beneficiaries from taking multiple pensions & active employees from taking a pension; and repurposing the pension fund.
Read more: PM Imran’s visit to Russia has great significance, says Chinese expert
ISLAMABAD: The Aviation Safety Agency has warned airlines that flights over the airspace of Gulf…
ANKARA: Field Marshal Asim Munir held an important meeting with Turkish President Recep Tayyip Erdogan…
ISLAMABAD: The highly controversial Indian movie named 'Satluj' has been the talk of the town…
ISLAMABAD: In view of the increasing tension in the region and the fears of closure…
ISLAMABAD (Rizwan Abbasi): The International Monetary Fund (IMF) has projected that Pakistan’s average inflation rate…
ISLAMABAD: Prime Minister Shehbaz Sharif on Tuesday strongly condemned the recent attacks on Saudi Arabia,…