The federal cupboard accepted the finances for the following fiscal 12 months and determined to not improve salaries and pensions within the present context.
A gathering of the Federal Cabinet was held beneath the chairmanship of Prime Minister Imran Khan wherein a finances of Rs. 7600 billion for the following monetary 12 months was accepted.
According to sources, the Cabinet has determined to not improve the salaries and pensions of presidency staff and likewise accepted to not impose any new tax within the finances.
Salaries for presidency staff and pensions for retired staff will stay the identical as final 12 months. Some cupboard members have demanded a rise in salaries and pensions, however the finance ministry has denied that such a rise is feasible within the present financial local weather.
After the cupboard assembly, the Prime Minister left for a parliamentary social gathering assembly to debate the federal government's technique for the finances assembly. The Prime Minister will take the parliamentary social gathering into confidence on the finances for the following monetary 12 months.
The National Assembly will convene shortly beneath the chairmanship of Speaker Asad Qaiser, with Federal Minister for Economic Affairs Hamad Azhar presenting the finances.