Islamabad: The annual increment from the salaries of presidency staff is prone to finish after the IMF proposal.
According to Express News, the federal government has agreed to simply accept one other situation of the International Monetary Fund (IMF) to revive the stalled 6 6 billion program of the International Monetary Fund (IMF). The annual increment is prone to finish in
In this regard, sources within the Ministry of Finance say that the Reforms Commission has despatched suggestions to the federal government, there will likely be no annual increment in salaries in December and work started on not elevating primary salaries in December on the situation of the IMF. Has gone.
The IMF proposes to freeze salaries as an alternative of increments on primary pay and to extend allowances barely as an alternative of accelerating salaries, whereas giving annual increments on medical, home hire and different allowances.
Sources say that in keeping with the brand new payrolls, staff on the essential pay scale will stay on the identical primary wage until retirement. The authorities pays much less pension on the time of retirement. This measure will improve the allowances by a really small quantity.
Sources within the Ministry of Finance say that the pension burden of retiring staff will likely be lowered and the federal government will calculate the pension at a decrease primary wage on the time of retirement. Sources say that the Secretary of the Ministry of Finance is in favor of this proposal.