AIRLINK 75.30 Increased By ▲ 1.60 (2.17%)
BOP 4.94 Increased By ▲ 0.04 (0.82%)
CNERGY 4.39 Decreased By ▼ -0.13 (-2.88%)
DFML 41.18 Decreased By ▼ -3.70 (-8.24%)
DGKC 83.31 Decreased By ▼ -2.19 (-2.56%)
FCCL 21.65 Increased By ▲ 0.25 (1.17%)
FFBL 32.00 Decreased By ▼ -0.51 (-1.57%)
FFL 9.42 Decreased By ▼ -0.17 (-1.77%)
GGL 10.08 Decreased By ▼ -0.19 (-1.85%)
HASCOL 6.82 Decreased By ▼ -0.31 (-4.35%)
HBL 114.00 Decreased By ▼ -0.70 (-0.61%)
HUBC 139.10 No Change ▼ 0.00 (0%)
HUMNL 12.00 Decreased By ▼ -0.42 (-3.38%)
KEL 4.91 Decreased By ▼ -0.12 (-2.39%)
KOSM 4.36 Decreased By ▼ -0.09 (-2.02%)
MLCF 37.51 Decreased By ▼ -0.09 (-0.24%)
OGDC 132.85 Decreased By ▼ -3.95 (-2.89%)
PAEL 24.85 Decreased By ▼ -0.54 (-2.13%)
PIBTL 6.60 Decreased By ▼ -0.09 (-1.35%)
PPL 117.80 Decreased By ▼ -3.20 (-2.64%)
PRL 26.06 Decreased By ▼ -0.53 (-1.99%)
PTC 13.72 Decreased By ▼ -0.38 (-2.7%)
SEARL 57.25 Decreased By ▼ -0.05 (-0.09%)
SNGP 66.50 Decreased By ▼ -1.50 (-2.21%)
SSGC 10.24 Decreased By ▼ -0.18 (-1.73%)
TELE 8.21 Decreased By ▼ -0.24 (-2.84%)
TPLP 10.70 Decreased By ▼ -0.28 (-2.55%)
TRG 62.40 Decreased By ▼ -0.94 (-1.48%)
UNITY 27.04 Decreased By ▼ -0.01 (-0.04%)
WTL 1.35 Decreased By ▼ -0.03 (-2.17%)
BR100 7,846 Decreased By -95 (-1.2%)
BR30 25,256 Decreased By -391.8 (-1.53%)
KSE100 74,836 Decreased By -681.2 (-0.9%)
KSE30 24,004 Decreased By -273.3 (-1.13%)
Business & Finance

Sindh govt announces up to 35% raise in salaries, 17.5% hike in pension amounts

  • Sindh CM Murad Ali Shah unveils Rs2.24tr budget aimed at ‘revitalising prosperity’
Published June 10, 2023

Sindh Chief Minister (CM) Murad Ali Shah on Saturday unveiled a Rs2.24-trillion budget for the province for fiscal year 2023-24 aimed at “revitalising prosperity”.

While announcing the budget, he notified a 35% increase in salaries of government employees of grades 1-16 and 30% increase in employees of grades 17-22. Moreover, he also announced 17.5% increase in pensions.

The minimum wage of the province has been raised to Rs33,750, he said.

He cited that the provincial government was determined to place Sindh on path of economic recovery.

“To achieve this, measures to mitigate and combat climate change are direly needed,” he said. “The government incorporated green and sustainable initiatives in its strategy.”

“The province saw massive development and stability in past 5 years. There was huge progress on social welfare and human development.”

He expressed optimism that the Sindh Revenue Board (SRB) will achieve its tax target by the end of ongoing fiscal year.

“We want an empowered, inclusive Sindh,” the CM said.

He recalled that Sindh combated flood menace that destroyed agriculture, land, livestock and homes.

He noted that the budget outlay of Rs2.237 trillion was 35% higher than previous fiscal year. He announced the development budget for 2023-24 is fixed at Rs410 billion.

“The government has earmarked Rs1,411 billion for current expenditure which is 17% higher than last year,” the CM said. “The increase came on the back of recruitment undertaken by the provincial government mainly in education sector.”

The government set aside Rs267.5 billion for school education, Rs228 billion for health and Rs143 billion for law and order.

In addition, 112 damaged schools would be rehabilitated on resilient and environmentally friendly fabricated structures in five districts for Rs3.01 billion under the Flood Restoration Programme and Sindh Development Through Enhanced Education Programme (DEEP).

Moreover, the local government budget will amount to Rs112 billion while Rs136 billion are fixed for capital expenditure due to interest payments.

The provincial government allocated Rs88 billion for investment, Rs26 billion for pensions and Rs701 billion for provincial development.

“The federal transfers will amount to Rs1.353 trillion,” the CM said. “The sales tax collection during 2023-24 will amount to Rs235 billion while Rs143 billion will be collected on account of excise and taxation.”

The non-tax revenue will stand at Rs32 billion while Rs21.9 billion will be received on account of Public Sector Development Programme, he said.

CM Murad announced an allocation of Rs63 billion to ensure a consistent supply of subsidised wheat to mills and affordable wheat flour to the public and a budgetary provision of Rs16.9 billion for the Poor Social Protection and Economic Sustainability Programme.

He further said that the transport budget has witnessed an impressive growth rate of 167.8% — rising from Rs5 billion to Rs13.4 billion.

Comments

Comments are closed.

BK Jun 10, 2023 04:45pm
Revitalizing prosperity of his life, living standard and his wealth
thumb_up Recommended (0)
Martian Jun 10, 2023 06:25pm
The province saw massive development and stability in past 5 years. ….. I must be living in some alternate universe as I am oblivious to these ‘massive’ development.
thumb_up Recommended (0)
Tulukan Mairandi Jun 10, 2023 06:35pm
Benazir Shaheed (peace be upon her) along with her honest husband Zardari and extraordinarily intelligent son Bilawal continue to have the people of Sindh in their hearts in spite of looming default. The Sindhis must vote them continuously or they will be the most ungrateful people this world will see.
thumb_up Recommended (0)
Syed Ali Jun 10, 2023 07:12pm
In Dars budget speech no mention whstdo ever of the massive devaluation of the PKR or the artificial manipulation of the exchange rates within the Country . Especially when Banks and other institutions are closedsome one is making billions and it's not hard to imagine who the manipulators are it's not the middlevearners or small business owners.Now even policies to allow whitening of black money are being envisaged to bring dollars to the Country wonder if it will include the billions taken from the National exchequer in the past. Maybe some one can enlighten the Masses.
thumb_up Recommended (0)
imdad kolori Jun 10, 2023 08:03pm
Khi is the biggest slum in the world - Thank you
thumb_up Recommended (0)
Imran Jun 19, 2023 03:32pm
@Tulukan Mairandi, Respected Sir Please tell me How much Increment has been applied by PPP in dudget2023 for differently abled person I am Government Teacher too My name is Imran Khan S/o Muhammad Zaman
thumb_up Recommended (0)
Liaquat J.Samma Jul 29, 2023 02:10am
The salaries and pensions should have increased equally. This is a wrong doing.
thumb_up Recommended (0)
Shujat Sep 06, 2023 06:08pm
Fake hy koi notification ni hy
thumb_up Recommended (0)