Keeping in view the high inflation in the country, Federal Finance Minister Senator Ishaq Dar proposed on Friday a 30- to 35 per cent rise in the ad hoc pay and a 17.5 per cent increase in the pensions of the federal government employees.
According to the 24News HD TV channel, Finance Minister Dar announced the proposed federal budget for the fiscal year 2023–2024 on Friday and said that the government had decided to grant Grades 1–16 employees an ad hoc salary relief of 35 per cent and Grades 17 to Grade 22 officers an ad hoc salary relief of 30 per cent in an effort to increase their purchasing power.
The finance minister also announced raising the minimum wage from Rs25,000 to Rs32,000 and putting the minimum pension at Rs12,000 per month.
Dar also said that the Employees' Old-Age Benefits Institution (EOBI) pension amount will be increased from Rs 8,500 to Rs 10,000.
He claimed that the government would implement a programme through which it would settle the Housing Building Finance Corporation (HBFC) loans that the widows of government personnel owed up to one million rupees while the deposit limit of Behbood Saving Certificates and Shuhada would rise from Rs5 million to Rs7.5 million.