Rs 57 billion to be spent for increase in pay, pension of govt employees: Ishaq Dar.
Addressing a post budget press conference here, he said, the increase would more benefit the government employees from PBS-1 to PBS-15.
Giving the details, he said, ad-hoc increase of 2013 and 2014 will be merged in the pay scale besides 10 percent adhoc relief allowance on running basic pay will be allowed to all federal government employees from July 1, 2016.
Ishaq Dar said, civil armed forces posed in border areas would get special area compensatory allowance at the uniform rate of Rs 300 per month from Rs 50-210.
He said, special conveyance allowance will be given to disabled employees at the rate of Rs.1000 per month, adding, this allowance is being given on proposal of leader of opposition in the national assembly.
Integrated allowance allowed to Qasid, Naib Qasid and Daftries has been increased from Rs 300 per month to Rs. 450 per month, he added.
The Minister said, outfit allowance allowed to Pak army officers on their secondment to civil armed forces and reversion to army, have been revised from Rs 800 to Rs 2,500 and from Rs 500 to Rs 2,000, respectively.
He said, late sitting conveyance charges have revised by 50
per cent to employees in BPS 1-15
Washing allowance at the rate of Rs 100 and dress allowance at rate of Rs 100 allowed to employee in BPS 1-4 has been enhanced from Rs 100 to Rs 150.
The federal government employees on the pattern of government of Punjab will get M.Phil allowance at rate of 25 per cent of Ph.D allowance i.e. Rs 2,500, he added.
The Minister said, additional charge allowance/deputation allowance ceiling has been revised from Rs 6,000 to Rs 12,000 for identical and non-identical post.
The current charge special pay ceiling has also been revised from Rs 6,000 to Rs 12,000, he added.
He said, the LDC has been upgraded from BS-7 to BS-9, UDC, BS-9 to BS-11, Assistant, BS-14 to BS-16 and Assistant in Charge (BS-15 to BS-16.
The posts of Khateeb, Moazzins, Khadim of Auqaf Directorate, ICT have been upgraded from BS-12 to BS-15, BS-5 to BS-7 and BS-5 to BS-6 respectively, he added.
He said, on the pattern of increase in the pay of Government employees, the minimum wage of labour for their benefit is being increased from Rs 13,000 to Rs 14,000 per month.
Ishaq Dar said the country had to bear $ 118 billion loss due to war on terror going on in Pakistan since 9/11.
We are now in final phase of operation Zarb-e-Azb and it is hoped that soon we would get rid of terrorism which would help in further increase of Foreign Direct Investment (FDI) in the country, he said.
During the current year, less than $6 billion loss was incurred to the country due to war on terror, compared to the loss of $10 billion last year, he added.
He informed that in the budget 2016-17, there was 7 per cent increase in non-development expenditure.
Regarding increase in salaries of the federal employees, the minister clarified that two ad-hoc allowances of 2013 and 2014 would be merged first in the basic pay and then a further 10 per cent of the total basic pay would be given as ad-hoc relief allowance. Thus, there would be a net impact of approximately 13-14 per cent increase, he added.
He hoped that the budget 2016-17 would help increase in overall economic growth of the country and would give relief to the common people.
During question-answer session, the finance minister said that the government had announced a big relief package of Rs 100 billion for farmers.
He said the total impact of reduction in prices of urea and DAP fertilizers would be Rs 45 billion while the reduction in electricity price for agriculture tubewells would impact Rs 6 billion.
To a question, Ishaq Dar said that despite increase of petroleum prices in the international market, the government announced to keep the prices unchanged for June and for this purpose, a huge cut in sales tax was made in all products, he added.
He informed that now the sales tax of 4 out of 5 products was under 17 per cent and the government had to bear additional cost of Rs 8.5 billion in this regard.
Regarding question of total foreign debt, the minister clarified that the current government had received total debt of $15.5 billion, out of which an amount of $10 billion was paid back, so net amount of debt received by the current government was $5.5 billion.
He informed that in July this year, Pakistan Stock Exchange was likely to be accepted by the international stock market as a frontier market.
To a question, Dar said the exports would be increased to $35 billion which would not only help in reducing dependency on foreign institutions but current account deficit would also be reduced to zero or would go in surplus.
He hoped that due to measurers taken be the government, we would be able to produce 20 million cotton bales which would give a boom to agriculture sector in the country.
He said the government was all set to launch Pakistan Microfinance Company which would have potential of providing microfinance facility to 25 million people and would also help in creation of 300,000 new jobs.
Moreover, he said when the country's economic growth would cross 7 per cent, a huge number of new jobs would also be created due to increase in economic activities in the country.
To another question, the finance minister said due to the new tax measurers proposed by the government for the Fiscal Year 2017, there would be a net impact of Rs 148 billion.
|Printer friendly Cite/link Email Feedback|
|Publication:||The Frontier Star (Northwest Frontier Province, Pakistan)|
|Date:||Jun 5, 2016|
|Previous Article:||Medium Term Goals to help achieve GDP growth to 7 percent: Dar.|
|Next Article:||Agriculture development a top priority: Dar.|