PESHAWAR – All eyes are on the upcoming budget as government employees are expecting raise in salaries amid soaring inflation.
For FY25 budget, KP Governor Faisal Karim Kundi summoned the budget session on May 24. The government is expected to increase salaries and pensions to keep pace with inflation and the rising cost of living. The increase in pensions and salaries is important a large number of people rely on these payments.
The proposed budget for the new financial year is Rs1,754 billion, with Rs200 billion allocated for the annual development programme.
Salary update in Budget 2024-25
As per informed sources, a salary increase of 10 to 15 percent for government employees has been proposed for KP people.
KP finance department has submitted proposals for the provincial budget and annual development programme (ADP) to Chief Minister Ali Amin Gandapur for approval.
The finance department has sent a summary to the chief minister for approval, and the budget will be reviewed and finalized before being presented at the provincial cabinet meeting tomorrow.
Provincial Finance Adviser Muzammil Aslam shared update, saying there are no plans to impose taxes in Malakand Division and the merged tribal districts in the upcoming budget. He further emphasized that any decision to impose taxes will be made in consultation with local elders and elected assembly members. He also mentioned that the federal government should consult the provincial government before imposing taxes in these areas.
The provincial finance adviser announced positive news regarding salaries and pensions for government employees in the new budget.
It was reported that property tax rates will be slashed for this year, and a provincial excise duty on tobacco will be imposed.
Expected increase in salary of government employees in June 2024
