First draft of Federal Budget shows increase in salaries and pensions

ISLAMABAD: The first initial draft of Federal Budget of Pakistan prepared by the Federal Govt. has shown 5-10% increase in salaries and pensions.

According to the Finance Minister, first draft of the Federal Budget of Pakistan for the year 2014-2015 has been prepared and discussed, whereas the draft indicates a certain increase up to 5 or 10 % increase in salaries and pensions.

Meanwhile, the Finance Minister also revealed that the Federal Govt. has reserved Rs 163 billion for pensions and Rs 294 billion for salaries.

It is pertinent to know that the final draft of the budget of the year 2014-2015 will be prepared in the month of May 2014, whereas the National Economic Council (NEC) will work out this final budget.