Budget 2022-23: Salaries increase subject to IMF approval

Islamabad: The government plans to increase the salaries of its employees by 5 to 10 percent in the upcoming budge 2022-2023. multiple media reports said on Monday citing budgetary proposals.

Former government employees are also expected to get a raise of five to ten percent in their pensions, according to the government’s proposal.

But any increase in salary and pension is linked to the IMF’s approval.

The government has reportedly prepared three proposals regarding the budget and the salaries and pensions of government employees.

“Under the heading of ad hoc allowance, a 5pc to 10% increase is suggested for employees working in grades up to BS 19, while a 10% to 15% increase is suggested for government officials working in BS 20-22.,” Daily Times reported citing official sources.

It said the government is considering increasing the pensions of retired employees by 5% to 10%.

The government will be able to implement its proposals if the approval is given by the International Monetary Fund.