WhatsApp Logo Subscribe
For News Alert

News

Govt to raise salaries only after getting nod from IMF 

June 6, 2022 04:19 PM


Twitter Share Facebook Share WhatsApp Share

The government is contemplating on a suggestion to give a 5% to 15% raise in the salaries of its employees and pensioners but the decision will be subject to the IMF approval, reported 24NewsHD TV channel on Monday.

Sources say that the government has got readied three proposals regarding federal budget and government employees’ salaries and pensions. 

According to the proposals put forward by the finance division, a 5% to 15% raise in salaries and pensions has been suggested. 

A 5pc to 10pc increase is suggested for employees working in grades up to BS 19 under the head of ad hoc allowance, while 10% to 15% increase has been suggested for government officials working in BS 20-22. 

Similarly, the government mulls raising pension of its retired employees by 5% to 10%. 

But sources informed that the government would implement these proposals if the International Monetary Fund approves them. 

The Pay and Pension Commission would forward its report to the government.

Increase in tax on annual income exceeding Rs1 million

On the other hand, the government is fully kowtowing to the IMF and is willing to accept all of its harsh conditions. 

According to FBR sources, in the forthcoming budget, the government is going to withdraw all concessions in the income tax. It is considering to raise tax on an annual income exceeding Rs1 million.

The government is also mulling to increase taxes on the online gaming, TikTok and other social media sources. 

The FBR sources further revealed that there is suggestion to raise taxes on YouTube payments made inside the country. 

 

Reporter Waqas Azeem 



Most Read

  1. Ali Zafar condemns Dr. Zakir Naik’s perspective on unmarried women to whom he called ‘Bazaari woman’ Ali Zafar condemns Dr. Zakir Naik’s perspective on unmarried women to whom he called ‘Bazaari woman’
  2. Ducky Bhai and wife Aroob Jatoi released after arrest Ducky Bhai and wife Aroob Jatoi released after arrest
  3. Believe it or not! PIA flight takes off two hours before scheduled time Believe it or not! PIA flight takes off two hours before scheduled time
  4. KP CM Gandapur fires his information adviser Barrister Saif KP CM Gandapur fires his information adviser Barrister Saif
  5. Shaan Shahid responds to host about marrying Reema Khan in live show Shaan Shahid responds to host about marrying Reema Khan in live show
  6. Dania Shah’s husband Hakeem Shahzad claims Hiba Bukhari conceived after using his medicines Dania Shah’s husband Hakeem Shahzad claims Hiba Bukhari conceived after using his medicines