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Pensions in Pakistan are provisions which are provided to retired employees. [1] Because only the retired formal sector mostly benefits from pensions, most of the social schemes and retirement welfare system in the country cover a small proportion of the old-age population, whereas a significant proportion of the elderly population working in the informal sector remains largely unprotected by ...
Employers are supposed to pay 5% of the minimum wages prescribed by the government while employees are supposed to pay 1% of the minimum wages. This contribution constitutes half of the total contribution while remaining half comes from the Government of Pakistan. Government of Pakistan contributed to this scheme till 1995 but withdrew ...
The Gazette of Pakistan (Urdu: سرکاری جریدہَ پاکستان) is the official government gazette of the Government of Pakistan. This Gazette provides information about government acts, ordinances, regulations, orders, S.R.Os, notifications, appointments, promotions, leaves, and awards. [1] [2]
Examples of other pay systems in Pakistan include the Special Pay Scale (SPS) and army scales, while private organizations, companies, and industries are free to devise their own pay structures, subject to the government setting a minimum salary for private employees.
The budget was presented following a protest of the Pakistan Kissan Ittehad, demanding subsidies on fertilisers and electricity bills, at D-Chowk in Islamabad. [3] The budget proposed a 10.0% increase in the salaries and pensions of federal government employees and an increase in the minimum monthly wage from ₨. 14,000 to ₨. 15,000.
The 2023–24 Pakistan federal budget was the Federal Budget implemented by the government of Pakistan for the fiscal year 2023–24. The revised budget was presented to Parliament on 25 June 2023 after Finance Minister Ishaq Dar introduced new taxation measures and expenditure cuts. The budget was accepted the next day.
All these transactions and any other transactions by Government of Pakistan, are captured in the SAP ERP and then the information is used to generate monthly, quarterly and yearly financials. The Controller General of Accounts is appointed by the President from amongst the officers of the Accounts Group and shall hold a civil service rank of ...
This is the first federal budget presented during the tenure of newly elected Prime Minister Nawaz Sharif and his cabinet since the change of government following the nationwide general elections held in 2013. The new budget has an outlay of ₨. 3.51 trillion and is designed to achieve a 4.4% growth rate in the economy over the next fiscal year.