ISLAMABAD: The federal government on Friday presented budget 2021/2022 and announced increase in monthly minimum wage to Rs20,000 from Rs17,500.
Finance Minister Shaukat Tarin while presenting the budget on floor of the house, announced to increase the minimum wage to Rs20,000 to reduce the burden on lower income group of rising prices.
The minister also announced increase in pay and pension by 10 percent effective from July 01, 2021.
He said that the government was aware of high prices and difficulties faced by the lower income group. He said that last year the government had taken austerity measures and due to this increase in salary and pension was not granted.
He said that the economy had improved now and the government decided to increase the salary and pension by 10 percent.
He said that from July 01, 2021 all employees of federal government would get adhoc relief of 10 percent. Similarly, pensioners would get increase of 10 percent in their pension from July 01, 2021.
The government decided to increase integrated allowance for Grade 1 to Grade 5 employees of federal government from Rs450 to Rs900.