The Ministry of Finance has proposed a 15-20% increase in salaries for the upcoming federal budget 2024-25, according to sources cited by Presstinight on Wednesday.
Sources within the ministry indicate that the monetisation policy for the bureaucracy is proposed to increase from Rs40,000 to Rs60,000, while for officers up to Grade 20, it is proposed to increase from Rs65,000 to Rs105,000.
The proposed 10% salary increase for officers from Grade 1 to 20 is expected to impact the national exchequer by Rs80 billion.
Additionally, there is a demand for a 200% increase in medical and conveyance allowances for employees of grades 1 to 16. Currently, employees in these grades receive Rs1,800 for conveyance and Rs1,500 for medical allowance, while Grade 17 and 18 officers receive Rs5,000 for conveyance allowance.
