Budget 2024-25: Govt proposes up to 25pc increase in salaries, 15pc in pensions
Business
Official from Grade 1 to 16 will get 25pc increase
ISLAMABAD – The federal government has approved up to 25 percent increase in salaries of the government employees in Budget 2024-25.
Federal Minister Muhammad Aurangzeb presented the budget for the next fiscal year in the National Assembly on Wednesday.
The government has proposed 25pc increase in salaries of employees from Grade1 to 16 while officers from Grade17 to 22 would get 20pc increment.
Meanwhile, the government has proposed 15pc increase in pensions of the government employees.
Earlier, the budget proposal was approved by the federal cabinet in a meeting chaired by Prime Minister Shehbaz Sharif.
The target of tax collection of Rs12,970 billion has been set for the FBR in the coming financial year. The FBR will have to collect an additional revenue of Rs3,720 billion, Rs3,452 billion direct tax and Rs267 billion customs duty.
