Federal budget 2023 pension update

ISLAMABAD – The government has approved to increase the salaries and pensions of civil servants through ad hoc allowances in the federal budget for the fiscal year 2023-24.

Pensions for former government employees will also be raised by 17.5 percent.

Finance Ministry proposed ad hoc relief in the salaries and pensions of government employees, following a discussion on the Finance Ministry’s proposal in the Federal Cabinet meeting.

Expected Salary Increase in Budget 2023-24

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