ISLAMABAD: In a significant development, it has been reported that there will be no tax imposed on pensions in the upcoming budget for the fiscal year 2024-25. Sources familiar with the matter disclosed that Finance Minister Muhammad Aurangzeb successfully convinced the International Monetary Fund (IMF) to exclude monthly pensions from taxation in the upcoming budget. … Read more
Punjab cabinet approved increase in salaries and pensions. Salaries of Grade 1-16 employees increased by 35%, Grade 17 above by 30% Pensions have been increased by 17.5% LAHORE: The caretaker government of Punjab on Saturday raised the salaries of government employees in the province, BOL news reported. Caretaker Chief Minister Punjab Mohsin Naqvi chaired the … Read more
RAMALLAH: The European Union (EU) has provided US $18.8 million to the Palestinian authority to help it pay October’s salaries and pensions for staff in the health and education sector, according to a statement on Wednesday. The money was already transferred to the Palestinian ministry of finance, the EU office in Palestine said in the … Read more
KARACHI: The government is considering to impose a 7.5% tax on pensions from July 1, 2021, sources said on Saturday. The sources in the Ministry of Finance said the Federal Board of Revenue (FBR) has finalised the flat income tax rate that would be incorporated in the Finance Bill, 2021 subject to the approval by … Read more
The federal cabinet has approved an increase in EOBI’s pensions. A meeting of the Federal Cabinet was held under the chairmanship of Prime Minister Imran Khan in which approval was given to increase the pension of Employees Old-Age Benefits Institution (EOBI). [embedpost id=”50366″ slug=”pm-imran-khan-to-call-federal-cabinet-meeting”] According to sources, EOBI pensioners will now get Rs 8,500 instead … Read more
Leader of the opposition Shehbaz Sharif criticized the federal government today (Jun 12) for not increasing salaries and pensions of government employees in the recent Budget. According to the details, the government has announced its second annual budget in which the defence budget has been increased by 12% but there is no relief for the … Read more
Chaudhry Muhammad Sarfraz, Central President Punjab Teachers Union has said that he rejects the decision not to increase salaries and pensions. According to details, Chaudhry Muhammad Sarfraz, in his address to the teachers union, said that he rejects the decision not to increase salaries and pensions. On the occasion, Syed Sajjad Akbar Kazmi said that … Read more
Pakistan Post has successfully delivered pensions of 1.3 million retired government employees at their doorstep amid the Coronavirus pandemic. Federal Minister for Communications and Postal Services Murad Saeed stated that the decision was taken after Prime Minister Imran Khan issued special directives to minimize unnecessary public gatherings around the country. IMF appreciates Pakistan’s swift relief … Read more
Sindh Chief Minister Murad Ali Shah on today (March 23) decided to disburse the salaries and pensions of Sindh government employees. According to the details, In a statement issued by the CM Sindh spokesperson said that CM Murad Ali Shah has decided to release pensions of the retired employees from March 25, 2020 onwards positively. … Read more
