Inside Financial Markets

Government employees get 10% salary increase


Budget-2013-14-pakistan-onlineGovernment employees get 10% salary increase

 ISLAMABAD: Finance Minister Ishaq Dar on Saturday announced a 10% increase in the salaries of government employees, IFM News Desk

The newly-formed government had earlier decided against increasing the salaries of government servants — for the first time in nearly three decades.

The budgetary move was denounced with such fervor that the government was forced to reconsider its decision and constitute a committee to review the possibility of increasing civil servants salaries, revealed sources in finance ministry.

The federal government’s decision affects up to 650,000 federal employees and more than two million provincial government employees.

The previous decision had also sparked protests by government employees across the country.

Ali Nawaz

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Inside Financial Markets was a joint publication of Pakistan Stock Exchange (PSX)and Society of Technical Analysts Pakistan (STAP)