ISLAMABAD – The federal government is likely to present the budget for financial year 2024-25 with total outlay of Rs17 trillion on June 7.

The budget draft will be first discussed in the federal meeting where an approval will be given to present it in the Parliament.

The Ministry of Finance is all set to finalise the budget draft in the coming days in line with the conditions laid forth by the International Monetary Fund (IMF).

The government is expected to propose an increase in salaries and pensions of the federal employees in the budget 2024-25.

15% Increase Likely in Salaries and Pensions of Federal Employees

In the upcoming budget 2024-25, the government are expected to announce up to 15 percent increase in salaries of the federal employees. It is also likely to increase 10% increase in pensions of the retired employees.

However, the final decision will be taken by the governments after reviewing the recommendations by the finance ministry.

The revised salaries and pensions would come into effect from July 1, 2024 if the proposal is approved by the federal government.