Ishaq Dar to Present Federal Budget 2017-18 on 26th May
The Federal Budget for the Year 2017-18 will be announced on 26th May, 2017 in the Parliament of Pakistan. The Government will announce all time high budget figure this year, in terms of expenditures and tax collection targets.
It has been proposed to revise the basic pay of all scales i.e. from BPS-1 to BPS-22. Furthermore, the house rent is also expected to be enhanced at 20% of its current rate, however, the federal minister has not agreed upon to this enhancement. It is also expected that the adhoc relief allowance of 2010 will be merged in the basic pay.
The basic pay of all government servants will be increased by 7% and pensioners will receive pays with 10% increment.