December 3, 2022

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Pakistan Revenue

Tag: pension

Khyber Pakhtunkhwa raises salary, pension by 15%
Jun 14
Budget 2022-2023, Finance

Khyber Pakhtunkhwa raises salary, pension by 15%

PESHAWAR: Khyber Pakhtunkhwa on Monday announced 15 per cent increase in salary of provincial government employees and 15 per cent increase in pension as well. Finance Minister Taimur Salim Jhagra announced the increase in salary and pension of provincial employees while presenting the provincial budget 2022-2023. READ MORE: Khyber Pakhtunkhwa presents Rs1.33 trillion budget 2022-2023 […]

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SBP’s instructions on pensioners biometric verification
Jan 7
Money & Banking

SBP’s instructions on pensioners biometric verification

KARACHI: The State Bank of Pakistan (SBP) on Friday issued instructions regarding biometric verification of pensioners. Prior to these instructions the SBP issued BC&CPD Circular Letter No. 01 dated February 01, 2021 and File Letter No. BC&CPD/O&SSD/BVS/5873 dated May 27, 2021 on the subject. The Finance Division issued a letter on December 08, 2021 on […]

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EOBI to launch self assessment scheme for employers
Dec 22
Top stories, Trade & Industry

EOBI to launch self assessment scheme for employers

KARACHI: Employees Old-Age Benefits Institution (EOBI) has proposed a self assessment scheme under which the institution may select companies through random balloting for audit. EOBI Chairman Shakeel Ahmed Mangnejo said that for the convenience of employers as well as to encourage more contributions from them, a Self-Assessment Scheme is proposed in the upcoming amendment into […]

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Mandatory biometric verification restored for pensioners
Dec 9
Finance

Mandatory biometric verification restored for pensioners

ISLAMABAD: The government has made mandatory the biometric verification for pensioners to make withdrawal of their pension amount from banking system. In an office memo, the Finance Division said that the mandatory requirement of biometric verification has been restored for the pensioners, which was suspended due to COVID-19. READ MORE: Grant of 10% increase in […]

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PM adviser stresses need to rationalize salaries
Nov 30
Finance, National

PM adviser stresses need to rationalize salaries

ISLAMABAD: Shaukat Tarin, Adviser to the Prime Minister on Finance and Revenue, on Tuesday stressed the need to rationalize salaries, allowances, and perks. Tarin was addressing a virtual meeting of the Pay and Pension Commission. The Commission is headed by Zafar Ahmed Khan and is composed of senior professionals from public and private sectors as […]

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Grant of 10% increase in pension notified
Jul 8
Finance

Grant of 10% increase in pension notified

ISLAMABAD: The federal government on Thursday notified the grant of 10 per cent increase in pension of all government pensioners with effect from July 01, 2021. The finance ministry said that the President has sanctioned an increase at 10 per cent of net pension with effect from July 01, 2021 until further orders to all […]

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FBR directs timely disposal of pension, retirement cases
Jun 25
Taxation

FBR directs timely disposal of pension, retirement cases

ISLAMABAD: The Federal Board of Revenue (FBR) on Friday directed the field formation to ensure timely disposal of pension and retirement cases otherwise the officers concerned will be responsible for any lapse. An official notification issued by the FBR stated that it is observed with serious concern that field formations while forwarding / submitting retirement […]

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