{"id":35032,"date":"2024-05-02T18:18:34","date_gmt":"2024-05-02T13:18:34","guid":{"rendered":"https:\/\/dailyausaf.com\/en\/?p=35032"},"modified":"2024-05-02T18:18:34","modified_gmt":"2024-05-02T13:18:34","slug":"government-retd-employees-pension-to-increase-from-june-2024-details-inside","status":"publish","type":"post","link":"https:\/\/dailyausaf.com\/en\/pakistan\/government-retd-employees-pension-to-increase-from-june-2024-details-inside\/","title":{"rendered":"Government (Retd) employees&#8217; pension to increase from June 2024: Details inside"},"content":{"rendered":"<p><span data-preserver-spaces=\"true\">ISLAMABAD: The federal government is mulling to increase pensions of government retired employees in the upcoming<\/span><span data-preserver-spaces=\"true\">\u00a0budget for fiscal year 2024-25 in June amid multiple economic challenges.<\/span><\/p>\n<p>As the Shehbaz-led government is ready to present its first budget, <span data-preserver-spaces=\"true\">government employees eagerly wait for the announcement as their salaries increase, considering various factors, including inflation. Every year, b<\/span><span data-preserver-spaces=\"true\">oth federal and provincial governments announce increments in pensions of their employees in their budget.<\/span><\/p>\n<p>According to the details, the budget preparation for the FY 2024-25 will be started from the first week of May 2024 at the Federal Board of Revenue (FBR). Prime Minister Shehbaz Sharif had constituted an 11-member ministerial committee under the leadership of Finance Minister Muhammad Aurangzeb to deliberate proposals for budget FY 2024-25.<\/p>\n<p><em><strong>READ MORE:\u00a0<a href=\"https:\/\/dailyausaf.com\/en\/business\/government-employees-salary-to-increase-from-june-2024-details-inside\/\">Government employees&#8217; salary to increase from June 2024: Details inside<\/a><\/strong><\/em><\/p>\n<p>The Finance Division has received budget proposals on the protection of domestic industry, tariff rationalization, and industrial promotion.<\/p>\n<p>According to the sources, t<span data-preserver-spaces=\"true\">o decrease <\/span><span data-preserver-spaces=\"true\">inflation<\/span><span data-preserver-spaces=\"true\">, the government is aiming to bring it down to the target range of 5 to 7 percent by September 2025. <\/span>The revenue collection target of the FBR for the FY 2024-25 is likely to be fixed at Rs10.952 trillion, it added.<\/p>\n<h2><span data-preserver-spaces=\"true\">Expected increase in salaries, pensions of govt employees<\/span><\/h2>\n<p>The governments are anticipated to declare a ten percent increase in employees&#8217; salaries and pensions in the upcoming budget year 2024\u20132025. The governments will, however, make the final decision after considering the Ministry of Finance&#8217;s suggestions.<\/p>\n<p>If the proposal is approved, the increase will take effect in July 2024.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>ISLAMABAD: The federal government is mulling to increase pensions of government retired employees in the upcoming\u00a0budget for fiscal year 2024-25 in June amid multiple economic challenges. As the Shehbaz-led government is ready to present its first budget, government employees eagerly wait for the announcement as their salaries increase, considering various factors, including inflation. Every year, [&hellip;]<\/p>\n","protected":false},"author":8,"featured_media":35033,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[567,1793,16180,16178,16179],"class_list":["post-35032","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-pakistan","tag-federal-board-of-revenue","tag-ministry-of-finance","tag-budget-2024-25","tag-government-retd-employees-pension","tag-pensions"],"_links":{"self":[{"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/posts\/35032","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/comments?post=35032"}],"version-history":[{"count":0,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/posts\/35032\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/media\/35033"}],"wp:attachment":[{"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/media?parent=35032"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/categories?post=35032"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/tags?post=35032"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}