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Increase in salaries of govt employees including armed forces personnel notified 

06:54 PM | 10 Jul, 2024
Increase in salaries of govt employees including armed forces personnel notified 
Source: File Photo

ISLAMABAD – The Finance Division has notified an increase in salaries of government employees for the fiscal year 2024-25.

An office memorandum issued by Division said the President has sanctioned an Adhoc Relief Allowance 2024 to all federal government employees i.e. armed forces personnel, civil armed forces, and civil employees of the federal government as well as the civilians paid from defence estimates including contingent paid staff and contract employees employed against civil posts in basic pay scales on standard terms and conditions of contract appointment.

Under the Adhoc Relief, the salaries of Grade 1 to 16 employees have been increased by 25 percent of the running basic pay, while Grade 17 to 22 employees were give a 20 percent increase in running basic pay.

The amount of Adhoc Relief Allowance will be subject to Income Tax. It will be admissible during leave and the entire period of LPR except during extraordinary leave, the memorandum said.  

It will not be treated as part of emoluments for the purpose of calculation of Pension/Gratuity and recovery of House Rent. It will also not be admissible to the employees during the tenure of their posting/deputation abroad.

Meanwhile, the Finance Division has also approved the 15 percent increase in salaries of the retired government employees.

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US Dollar, Euro, Dirham, Pound, Riyal Rate in Pakistan Today - Currency Rates 20 July 2024

Pakistani rupee rates against US Dollar and other currencies on July 20, 2024 (Saturday) in open market.

USD to PKR Rate Today

US dollar was being quoted at 279.15 for buying and 280.85 for selling. Euro's buying rate remains stable at 301.35 and selling rate is 303.25.

British Pound rate is 354.85 for buying, and 358.35 for selling. UAE Dirham AED was at 76.5 and Saudi Riyal lowered to 73.70.

Currency Rates Today

Source: Forex Association of Pakistan. (last update 09:00 AM)
Currency Symbol Buying Selling
US Dollar USD 279.15 280.85
Euro EUR 301.35 303.25
UK Pound Sterling GBP 354.85 358.35
U.A.E Dirham AED 76.5 77.25
Saudi Riyal SAR 73.7 74.42
Australian Dollar AUD 184.75 186.55
Bahrain Dinar BHD 741.15 749.15
Canadian Dollar CAD 203.5 205.5
China Yuan CNY 38.35 38.75
Danish Krone DKK 40.05 40.45
Hong Kong Dollar HKD 35.7 36.05
Indian Rupee INR 36.05 36.05
Japanese Yen JPY 1.91 1.99
Kuwaiti Dinar KWD 908.25 917.35
Malaysian Ringgit MYR 58.95 59.75
New Zealand Dollar NZD 169.24 171.24
Norwegians Krone NOK 26.04 26.34
Omani Riyal OMR 722.87 730.89
Qatari Riyal QAR 76.39 77.09
Singapore Dollar SGD 202 204
Swedish Korona SEK 26.4 26.7
Swiss Franc CHF 309.05 311.55
Thai Bhat THB 7.5 7.65

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