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Budget 2023-24: Punjab cabinet approves increase in salaries, pensions of government employees

12:52 PM | 19 Jun, 2023
Budget 2023-24: Punjab cabinet approves increase in salaries, pensions of government employees
Source: File Photo

LAHORE – The caretaker setup in the country’s most populated region has decided to increase the salaries and pensions of provincial government employees.

Wages do need to move with skyrocketing inflation, however little surges mostly fail to match the prices of basic commodities.

As masses are bearing brunt of record inflation, the provincial cabinet of caretaker CM Mohsin Naqvi has reportedly decided to increase the salaries of all employees by 30 percent. However, the pensioners are likely to get 5 percent increase.

The Punjab government will present the four-month's budget for the fiscal year 2023-24 today. Interim chief minister Mohsin Naqvi will present the budget in a news conference.

Earlier, Prime Minister Shehbaz Sharif directed the interim government to provide relief to the people in the budget 2023-24.

Daily Pakistan Global Web Desk

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Currency Rates in Pakistan Today - Pakistani rupee to US Dollar, Euro, Pound, Dirham, and Riyal - 19 April 2024

Pakistani currency saw minor adjustment against global currencies on April 19, 2024. US dollar was being quoted at 277.4 for buying and 280.4 for selling.

Euro comes down to 293 for buying and 296 for selling while British Pound stands at 342.25 for buying, and 345.65 for selling.

UAE Dirham AED was at 75.2 and Saudi Riyal's new rates was at 73.30.

Today’s currency exchange rates in Pakistan - 19 April 2024

Currency Symbol Buying Selling
US Dollar ‎USD 277.4 280.4
Euro EUR 293 296
UK Pound Sterling GBP 342.25 345.65
U.A.E Dirham AED 75.2 75.9
Saudi Riyal SAR 73.3 74.05
Australian Dollar AUD 181 182.8
Bahrain Dinar BHD 740.09 748.09
Canadian Dollar CAD 201 203
China Yuan CNY 38.44 38.84
Danish Krone DKK 39.69 40.09
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 902.64 911.64
Malaysian Ringgit MYR 58.08 58.68
New Zealand Dollar NZD 164.22 166.22
Norwegians Krone NOK 25.31 25.61
Omani Riyal OMR 722.87 730.87
Qatari Riyal ‎QAR 76.45 77.15
Singapore Dollar SGD 204.5 206.5
Swedish Korona SEK 25.31 25.61
Swiss Franc CHF 305.08 307.58
Thai Bhat THB 7.56 7.71

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