Pension reforms: Govt bans multiple pensions, limits pensions to 10 years
WEB DESK: The government has approved new pension reforms, imposing a ban on securing multiple pensions and limiting pension provision for family members to 10 years. Under the reforms, pensions will be calculated based on 70 per cent of the average salary drawn during the last 24 months of service
Pensions exempted from taxes in 2024-25 budget: Report
In a significant update, it has been reported that the upcoming 2024-25 budget will not include any taxes on pensions. According to sources familiar with the matter, Finance Minister Muhammad Aurangzeb successfully convinced the International Monetary Fund (IMF) to exclude taxes on monthly pensions in the 2024-25 budget. Pakistani officials
