In the budget 2021-22, per capita income increased by 15%, according to which the minimum wage has been announced to be Rs 20,000 per month.
According to details, Federal Minister for Finance Shaukat Tareen is presenting the budget in a meeting chaired by Speaker National Assembly Asad Qaiser in which he has announced to raise the minimum wage of workers in the country to Rs 20,000.
Per capita income increased by 15% according to which it has been decided to increase the minimum wage to Rs. 20,000 per month. Federal government employees will be provided 10% ad hoc relief. Pension of all pensioners will be increased by 10%. It has been increased from Rs 14,000 to Rs 17,000.
In addition, in the new financial year 2021-2022, a subsidy of Rs 682 billion was given to the people.
It may be recalled that the federal government of Pakistan Tehreek-e-Insaf (PTI) presented the budget for the financial year 22-2021 in the National Assembly. The total volume of the budget is Rs. 8,487 billion.
In the budget for the next financial year, the federal development budget has been allocated Rs 900 billion, Rs 1,373 billion for defense, Rs 3,060 billion for interest payments and Rs 160 billion for pensions and Rs 1,186 billion for provinces under NFC.
Rs 1373 billion has been allocated for defense. 178 billion for public order, Rs. 43 crore for environmental protection, Rs. 28 billion for health, Rs. 10 billion for entertainment, culture and religious affairs.
The budget document, Rs 3,060 billion has been allocated for interest payments.
The budget document, the provinces will be given Rs 1,186 billion under the NFC and Rs 100 billion will be allocated for dealing with emergencies.
According to the budget document, Rs 160 billion has been allocated for salaries and pensions.