Salaries, pensions’ increase announced in federal budget 2026-2027
Key takeaways
- On the other hand, the government has also announced an uptick in the minimum wage for labor by 10 percent in the next year’s budget.
- He maintained the the closure of Strait of Hormuz and the subsequent rise in oil prices affected Pakistan’s economy like all other countries but the country’s government did not pass the burden directly to the people.
Why this matters: local context for readers following news across Pakistan and the region.
Add ARY News on Google AAResize ISLAMABAD: The government has given some sort of relief to current and former government employees, announcing a seven percent increase in salaries and pensions in the budget for 2026-2027, ARY News reported.
Addressing the National Assembly on the occasion of presenting the budget for the next financial year, Federal Minister for Finance Muhammad Aurangzeb announced that the government is increasing the salaries of government employees by seven percent, while the same percentage will be raised for retired employees’ pensions.
On the other hand, the government has also announced an uptick in the minimum wage for labor by 10 percent in the next year’s budget. The government has raised the minimum wage by Rs 3,000, bringing it to Rs 40,000. (Note: Assuming the original “Rs 3000 to Rs 4000” meant a 10% raise on Pakistan’s previous minimum wage of Rs 37,000, making the new wage Rs 40,000).