10 per cent increase in pension notified – Pakistan

Islamabad: The government on Thursday announced a 10% increase for all pensioners starting April 1, as Prime Minister Shehbaz Sharif announced in his inaugural address to the National Assembly. This will have an additional financial impact of Rs 13 billion.

The Ministry of Finance said in a letter that the Prime Minister had approved a 10% increase in net pensions until further orders for all federal government officials and retired military personnel, including salaries paid from defense estimates. military and civilian military personnel.

For the purpose of authorizing increases in approved pensions in the notice, it has been explained that the term “net pension” means “withdrawn pension” minus “medical benefit”.

The increase is also permitted for pensions approved for the Pension Scheme of 1954, the Liberalization Pension Regulations, the Family Pensions granted under 1977, the Central Public Service (Special Pension) Regulations and the self-sufficiency allowance under CSR-. 353.

Posted at Serb on April 15, 2022