Latest

Govt ‘backtracks’ on salary increase statement

afp

ISLAMABAD: Federal Minister for Finance Muhammad Ishaq Dar said on Thursday that in line with the past practice, the government will take the decision about the increase in pay and pension of government employees before the announcement of budget for 2014-15, in early June.
A report published on Thursday stated the government is at present not considering any proposal to increase the pay and pension of government employees in the federal budget 2014-15. This was said in the National Assembly on Wednesday. The Lower House of parliament was informed. In a clarification issued by the Ministry of Finance, the finance minister categorically denied that he had made any statement to this effect in the National Assembly. 
However, in a written reply to a question by a member of the National Assembly, the Ministry of Finance had stated that “presently no such proposal was under consideration”. The finance minister stated that the budget preparation for the fiscal year 2014-15 has just started and the decision regarding pay and pension is made at the time of budget finalisation by the cabinet, which generally holds its meeting around end May or beginning of June. However, he said that increase in pay and pension is always decided keeping in view the inflation, resources and other factors. He added that “in line with the past practice, our government will also take the decision about the increase in pay and pension before the announcement of budget for 2014-15, in early June 2014”.
The Lower House of parliament was also told on Wednesday that no new sales tax or other tax has been imposed by the government on petroleum products. However, in the budget sales tax on lubricating oil was made chargeable on retail price, subsequently converted to 2% extra tax. Sales tax on goods is purely subject matter of the federation. Petroleum specific taxes are levied by the federal government.

comments powered by Disqus
  • DailyTimes.Official
  • DailyTimes_DT
  • Rss
Sunday Magazine
Aaj Kal