A special meeting of the federal cabinet on Friday approved the proposed federal budget for the fiscal year 2022-23.
The special cabinet meeting headed by PM Shehbaz Sharif and attended by federal ministers, advisers, special assistants approved the Finance Bill 2022-23.
Budget Salary Increase
Taking to Twitter, Information Minister Mariyum Aurangzeb announced that the federal cabinet has approved a 15 per cent budget salary increase of government employees and a 5 per cent hike in pensions.
“The govt also approved merging of adhoc allowances into the basic pay,” she further announced.
The coalition government is all set to present the Budget for the next fiscal year 2022-23 in the National Assembly (NA) today (Friday)
According to details, Minister for Finance and Revenue. Miftah Ismail will present the budget in the National Assembly at 4:00 pm, with an outlay of over Rs9.5 trillion.
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