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BPS scales undergo regular revisions every few years. They were revised in 2008, then again in 2011 after three years, and once more in 2015 after four years, taking into account the inflation rate in Pakistan. As of the latest update, the Basic Pay Scale Structure for 2022 has been introduced.
This is the map and list of Asian countries by monthly average wage (annual divided by 12 months) gross and net income (after taxes) average wages for full-time employees in their local currency and in US Dollar.
States may also set a minimum, in which case the higher of the two is controlling; some territories are exempt and have lower rates. [243] As of January 3, 2022, effective state minimum wage rates range from US$7.25 to US$15.00 per hour, with an average of about $12.00 across all minimum wage workers as of 2019.
The 2022–23 Federal Budget of Pakistan was presented on 10 June 2022 by Finance Minister Miftah Ismail, with Rs 9.5 trillion budgeted for expenditure in financial year 2022–2023, which was nearly a trillion higher than the previous financial year.
Bhutto's government faced with many difficult problems experienced by Pakistan's economy including the low productivity combined with a high rate of monetary in circulation. [6] [7] As response to this, Bhutto devalued the national currency and announced the new labour policy at an instance. [6]
New Jersey gambling regulators have handed out $40,000 in fines to two sportsbooks and a tech company for violations that included taking bets on unauthorized events, and on games that had already ...
GST was implemented at a single rate of 3% on 1 April 1994, with an assurance that it would not be raised for at least five years. To cushion the impact of GST on Singaporean households, an offset package was also introduced. Simultaneously, corporate tax rate was cut by 3% to 27%, and the top marginal personal income tax rate was cut by 3% to 30%.
The CEWC summary kept a pledge to "maintain the basic stability of the exchange rate at a reasonable and balanced level". Readouts from 2022 and 2023 also included this line. ($1 = 7.2801 Chinese ...