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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 ...
Survivors' pension - Survivors pension is provided to the nominees of the insured person in event of death of the insured person. As per Islamic teachings old parents and young widows are included in the survivor pension program. As per EOBI rules, parents of the unmarried employee gets pension for 5 years in case of employee's death.
Provision of a minimum pension of ₹1000 per month to the pensioners under EPS, 1995 from 01.09.2014 by providing additional budgetary support wherever the pension was falling short of ₹1000 as per pre-defined formula for calculation of pension.
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.
The 2023–24 Khyber Pakhtunkhwa budget was presented on 20 June 2023, the caretaker government of Khyber Pakhtunkhwa approved a budget exceeding 462 billion rupees for the first four months of the fiscal year 2023–24. [1] Muhammad Azam Khan the interim chief minister passed the budget was during a cabinet meeting. [2]
"Village or Village Council" means an integrated and contiguous human habitation commonly identified by a name and includes a Dhok, Chak, Kalay(Pashto: کلے), Goth, Gaown (Urdu: گاوں), Deh, Basti or any other comparable habitation;(Section ii) [5]
The National Finance Commission Award or NFC is a series of planned economic programs in Pakistan enacted since 1951. [1] Constituted under the Article 160 of the Constitution, the program was emerged to take control of financial imbalances and equally managed the financial resources to four provinces to meet their expenditure liabilities while alleviating the horizontal fiscal imbalances. [2]
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.