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Punjab Govt increases salaries of employees by 10 percent in Budget 2017-18

04:49 PM | 2 Jun, 2017
Punjab Govt increases salaries of employees by 10 percent in Budget 2017-18
LAHORE - The government of Punjab has proposed a 10 percent increase in salaries and pensions of government employee in the budget for the fiscal year 2017-18.

This was announced by provincial minister for finance Ayesha Ghaus Pasha on Friday who presented the annual budget for the upcoming year amid a boisterous session of Punjab assembly on Friday.

The government has allocated a total of Rs 285 billion for salaries whereas Rs 173 billion for pensioners in budget for the upcoming year.

https://en.dailypakistan.com.pk/headline/punjab-govt-unveils-rs1-935-trillion-budget-2017-18/

It bears mentioning that the Shehbaz Sharif led provincial government had hiked the salaries of government servants by the same amount in the last budget as well.

This is the 10th consecutive and most probably the last budget presented by Pakistan Muslim League-Nawaz before the next general elections scheduled to take place in 2018.

The writer is a civil servant.

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Rupee exchange rate to US Dollar, Euro, Pound, Dirham, and Riyal - 18 April 2024

Pakistani currency continues to gain against US Dollar and other currencies on April 18, 2024. US dollar was being quoted at 277.2 for buying and 280.3 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 75.25 and Saudi Riyal's new rates was at 73.30. 

Today’s currency exchange rates in Pakistan - 18 April 2024

Currency Symbol Buying Selling
US Dollar USD 277.2 280.3
Euro EUR 293 296
UK Pound Sterling GBP 342.25  345.65 
U.A.E Dirham AED 75.25  75.95
Saudi Riyal SAR 73.3 74.05
Australian Dollar AUD 181 182.8
Bahrain Dinar BHD 739.63 747.63
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 3.32 3.43
Japanese Yen JPY 1.86 1.94
Kuwaiti Dinar KWD 902.26 912.91
Malaysian Ringgit MYR 58.24 59.52
New Zealand Dollar NZD 164.75 169.63
Norwegians Krone NOK 25.42 25.68
Omani Riyal OMR 722.1 730.1
Qatari Riyal QAR 76.37 77.05
Singapore Dollar SGD 206 208
Swedish Korona SEK 25.72 26.02
Swiss Franc CHF 307.11 309.61
Thai Bhat THB 7.56 7.76

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