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Budget 2024-25: Pakistan sets minimum wage at Rs37,000

05:53 PM | 12 Jun, 2024
Budget 2024-25: Pakistan sets minimum wage at Rs37,000
Source: File Photo

ISLAMABAD – The federal government has increased the minimum wage by Rs5,000 for unskilled labourers in the budget for next fiscal year 2024-25.

It has proposed jacking up the minimum salary to Rs37,000 from previous Rs32,000, a move that aims at providing relief to the labour class in the country. 

The approval for hiking the minimum wage was granted by the federal cabinet in a meeting, chaired by Prime Minister Shehbaz Sharif.

Meanwhile, the federal cabinet has proposed up to 25 percent increase in salaries of its employees. 

The government has announced 25% increase in salaries for Grade1 to 16 employees while 20% increased was proposed in salaries of officers of Grade17 to 22.

The Budget 2024-25 will be presented by Finance Minister Muhammad Aurangzeb in the National Assembly shortly as it was hit by delay due to difference between the PPP and PML-N, the coalition partners in the federal government. 

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US Dollar, Euro, Pound, Dirham, Riyal Rate in Pakistan Today Open Market Rates - 15 July 2024

Pakistani rupee rates against US Dollar and other currencies on July 15, 2024 (Monday) in open market.

USD to PKR Rate Today

US dollar was being quoted at 279.8 for buying and 280.75 for selling. Euro's buying rate moves up to 301.25 and selling rate is 303.15.

British Pound rate is 355.15 for buying, and 358.65 for selling. UAE Dirham AED was at 76.5 and Saudi Riyal lowered to 73.65.

Currency Rates Today

Source: Forex Association of Pakistan. (last update 08:00 AM)       
Currency Symbol Buying Selling
US Dollar USD 279.8 280.75
Euro EUR 301.25 303.15
UK Pound Sterling GBP 355.15 358.65
U.A.E Dirham AED 76.5 77.25
Saudi Riyal SAR 73.65 74.37
Australian Dollar AUD 184.55 186.35
Bahrain Dinar BHD 741 749
Canadian Dollar CAD 203.75 205.75
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 3.33 3.43
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 26.5 26.8
Swiss Franc CHF 309.15 311.65
Thai Bhat THB 7.5 7.65



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