KP government to increase salaries by 25 percent

KP government to increase salaries by 25 percent

Advisor to the Chief Minister for Information, Barrister Muhammad Ali Saif, announced on Thursday that the provincial government is prepared to increase its employees’ salaries by 25 percent, as proposed in the federal budget.

“We have no hesitation and are ready to increase the salaries of our employees by 25 percent. We will soon summon the provincial assembly’s session to get its nod first,” Saif stated.

He made these remarks while speaking to reporters at the residence of Babar Saleem Swati, the Khyber Assembly speaker.

Read More: Budget 2024-25: How much tax will you pay on your salary?

Previously, the Khyber Pakhtunkhwa government had raised employee salaries by 10 percent in the budget. Saif added that the austerity measures taken by the government have been effective in improving the economy. However, he stated that the federal government is withholding arrears for electricity and water, amounting to billions of rupees.

Saif also mentioned that pensions and salaries are the largest financial burdens for the provincial government. To address this, his party plans to end post-retirement financial benefits for future public sector employees.

Furthermore, the government has finalized an agreement with Akhuwat, a microfinancing entity, to provide interest-free loans to 100,000 youths across the province. The funds for these loans will be supplied by the provincial government.

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