ISLAMABAD – The federal cabinet on Tuesday approved the summary seeking a 15% special allowance of the basic salaries of officers and soldiers of the Pakistan Armed Forces.
Federal Information Minister Fawad Chaudhry addressing a press conference explained that salaries of the armed forces had not been increased in the past two years.
He announced that the troops of Pakistan Rangers and Frontier Constabulary (FC) will not be entitled for the special allowance, adding that their salaries may be raised soon.
He said that a separate summary was being prepared to give allowance to Rangers and FC.
Earlier, the Federal Finance Ministry has proposed the special allowance for the armed forces and sent a summary in this regard to the Federal Cabinet.
The ministry had earlier sought the approval of Prime Minister Imran Khan for the special allowance but the premier directed it to take up the matter with the federal cabinet.
According to sources in the Finance Ministry, due to a delay in preparation of an interim report by the Pay and Pension Commission on the increase in salaries of federal employees, civil servants were given a 10 percent increment in basic pay in addition to a 25 percent increase in special allowance, amounting to a 35 percent increase overall.
On the recommendation of the Pay and Pension Commission, a summary had been sent to the cabinet proposing a 10 percent increase in pay as announced in the budget for 2021-22, as well as a 15 percent special allowance.
The total salary increase for armed forces personnel after cabinet’s approval for special allowance now stands at 25%.
According to sources in the Ministry of Finance, a 15 percent special allowance was recommended to bridge the gap in the salary structure due to no increase in the salaries of armed forces employees for the last two years.
The federal government has already announced a 25 percent special allowance for civil servants.
Pakistani currency remains unchanged against US Dollar and other currencies on April 22, 2024 Monday in open market.
US dollar was being quoted at 277.4 for buying and 280.4 for selling.
Euro comes down to 293.2 for buying and 296.2 for selling while British Pound hovers at 339.5 for buying, and 343 for selling.
UAE Dirham AED was at 75 and Saudi Riyal's new rate was at 73.25.
Currency | Symbol | Buying | Selling |
---|---|---|---|
US Dollar | USD | 277.4 | 280.4 |
Euro | EUR | 293.2 | 296.2 |
UK Pound Sterling | GBP | 339.5 | 343 |
U.A.E Dirham | AED | 75 | 75.8 |
Saudi Riyal | SAR | 73.25 | 73.95 |
Australian Dollar | AUD | 181 | 182.8 |
Bahrain Dinar | BHD | 740.55 | 748.55 |
Canadian Dollar | CAD | 201 | 203 |
China Yuan | CNY | 38.47 | 38.87 |
Danish Krone | DKK | 39.78 | 40.18 |
Hong Kong Dollar | HKD | 35.53 | 35.88 |
Indian Rupee | INR | 3.33 | 3.44 |
Japanese Yen | JPY | 1.86 | 1.94 |
Kuwaiti Dinar | KWD | 903.11 | 912.11 |
Malaysian Ringgit | MYR | 58.08 | 58.68 |
New Zealand Dollar | NZD | 164.22 | 166.22 |
Norwegians Krone | NOK | 25.61 | 25.91 |
Omani Riyal | OMR | 723.2 | 731.2 |
Qatari Riyal | QAR | 76.45 | 77.15 |
Singapore Dollar | SGD | 204.5 | 206.5 |
Swedish Korona | SEK | 25.31 | 25.61 |
Swiss Franc | CHF | 305.47 | 307.97 |
Thai Bhat | THB | 7.56 | 7.71 |
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