Saudi Arabia Plans Public Pension Program to Boost Savings, Cut Remittances RIYADH — Saudi Arabia is taking steps to encourage household savings and reduce the outflow of money sent abroad, as part of a broader strategy to strengthen financial resilience among residents. The Kingdom is expected to soon unveil its Public Pension and Savings Program, […]
Later, he will lay a copy of the Finance Bill, 2025, containing the Annual Budget Statement before the Senate. Budget 2025-26 summarizes certain relief measures for salaried individuals, including a 10% salary increase for government employees and a 5% to 7.5% increase in pensions for retired civil servants. Employees in Grades 1 to 16 are […]
According to the notification, the government employees who rejoin any institution after retirement can choose between receiving a salary or a pension, but not both simultaneously. According to the notification, which is in line with the reforms recommended by the Pay and Pension Commission, retired employees will have to opt for either pension or salary […]
In a written response to the National Assembly, Finance Minister Muhammad Aurangzeb announced that there is no proposal under consideration for salary or pension hike of government employees in the upcoming fiscal year 2025-26 budget. No revision of pay scales or allowances is being considered, he said and added that the increase in hiring and […]
A heavy contingent of police reached the Secretariat Chowk after protesting government employees closed both gates of the government secretariat. Police and protesters were engaged in skirmishes as employees’ protests continued in the area. DIG Police, SP, and other officials leading a large number of police forces. The government employees demanded the withdrawal of the […]
In response to public complaints, a notification has been sent to all provincial offices and departments, instructing employees to strictly follow office timings from 9 AM to 5 PM. The directive emphasizes that negligence in fulfilling official responsibilities will not be tolerated, and strict actions will be taken against violators. Last month, the Accountant General […]
Workers in the Pacific Northwest region walked off the job on September 13 after overwhelmingly voting down a contract offer, effectively shutting down assembly plants for the 737 MAX and 777. “Talks broke off, and we have no further dates scheduled at this time. We remain open to talks with the company, either direct or […]
As per details, there is a possibility that the government may phase out lump sum hikes in pensions for retired public employees. The Finance Ministry has indicated that pensions could see an 80% increase to the inflation data of the last 2 years. The Pakistani government announced a 15% increase in pensions during the current […]
