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Interim Punjab regime raises salaries, pensions of government employees in four-month budget

12:48 PM | 27 Jun, 2018
Interim Punjab regime raises salaries, pensions of government employees in four-month budget
LAHORE - The caretaker Punjab cabinet approved a four-month budget on Tuesday for fiscal year 2018-19 with a total outlay of Rs693 billion.

The meeting approved the proposal for a 10% increase in the salaries of government employees, besides approving to review the house rent. The caretakers also green signalled a 10% increase in the pension of retired government employees.

The Hassan Askari-led government gave approval to the development budget for four months for the new Fiscal Year 2018-19. The meeting also approved the estimates of recurring expenditures of four months of the upcoming fiscal year.

Punjab Caretaker Chief Minister Dr Hasan Askari presided over the provincial cabinet meeting.  Addressing the meeting, Dr. Askari said the caretaker government had presented budget in accordance with the constitutional requirements.

He said the government had made an effort to provide necessary relief to the people while remaining within the limited mandate and constitutional responsibilities.

Funds for education, healthcare, agriculture and social sectors had been increased, he said.

"We have to serve the people of the province while remaining within the mandate", he further said and added that all the decisions were being made with the consultation of the cabinet and budget had been approved with consensus.

Performance of the Punjab Revenue Authority was also appreciated in the meeting. Earlier, Secretary Finance gave the briefing about the salient features of new fiscal year's budget. Provincial ministers, chief secretary, Inspector General of police and senior officials attended the meeting.

Dr Askari listened to the proposals of cabinet members attentively and took notice. Later, he signed off on the budget documents to give formal approval.

The writer is a civil servant.


Currency Rates in Pakistan Today - Pakistani rupee to US Dollar, Euro, Pound, Dirham, and Riyal - 17 April 2024

Pakistani currency saw minor adjustment against global currencies on April 17, 2024. US dollar was being quoted at 277.4 for buying and 280.4 for selling.

Euro comes down to 293.15 for buying and 296.1 for selling while British Pound stands at 344.25 for buying, and 347.6 for selling.

UAE Dirham AED was at 75.4 and Saudi Riyal's new rates was at 73.30. 

Today’s currency exchange rates in Pakistan - 17 April 2024

Currency Symbol Buying Selling
US Dollar USD 277.4 280.4
Euro EUR 293.15 296.1
UK Pound Sterling GBP 344.25 347.6
U.A.E Dirham AED 75.45 76.2
Saudi Riyal SAR 73.3 74.05
Australian Dollar AUD 181 182.5
Bahrain Dinar BHD 739.38 747.38
Canadian Dollar CAD 201 203
China Yuan CNY 38.45 38.85
Danish Krone DKK 40.45 40.85
Hong Kong Dollar HKD 35.57 35.92
Indian Rupee INR 3.33 3.44
Japanese Yen JPY 1.86 1.94
Kuwaiti Dinar KWD 902.26 911.26
Malaysian Ringgit MYR 58.24 58.84
New Zealand Dollar NZD 164.75 166.75
Norwegians Krone NOK 25.38 25.68
Omani Riyal OMR 722.1 730.1
Qatari Riyal QAR 76.37 77.07
Singapore Dollar SGD 204.5 206.5
Swedish Korona SEK 25.72 26.02
Swiss Franc CHF 307.11 309.61
Thai Bhat THB 7.61 7.76


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