Government of Balochistan, Finance Department issued a Notification on 11-07-2023 in connection with the Grant of an Increase in Pension 2023 Balochistan @ 17.5 of net pension. The details are as under:
Pension Updates
Sindh Govt Notification Increase in Pension 2023
Government of Sindh, Finance Department issued a Notification on 06-07-2023 in connection with the Increase in Pension 2023 Sindh Pensioners. The details are as under:
Notification of Increase in Minimum Pension and Family Pension 2023 Federal
The Government of Pakistan, Finance Division issued a Notification on 05-07-2023 in connection with the Increase in Minimum Pension and Family Pension 2023 Federal.
Notification of Increase in Pension 2023 Federal Pensioners
Government of Pakistan, Finance Division (Regulation Wing) issued a Notification on 05-07-2023 in connection with the Increase in Pension 2023 Federal Pensioners. Federal Government enhanced the pension @ 17.5% of net pension with effect from 1st July 2023. The details are as under:
New Pension Reforms 2023 as per Closing Budget Speech
I am sharing here the details of New Pension Reforms 2023 as per Closing Budget Speech. The Federal Finance Minister Ishaq Dar in his closing budget speech stated that the Government is introducing new Pension Reforms. In the present economic conditions of Pakistan, pension expenditure has become unsustainable. Due to the unsustainability of the expenditure of pensions, the Federal Finance Minister introduces some pension reforms in order to make them sustainable. Here are more details:
Revised / Amendments in Punjab Civil Services Pension Rules 2023
Government of the Punjab, Finance Department issued a Notification on 19-06-2023 in connection with Amendments in Punjab Civil Services Pension Rules 2023. These new rules of pension in Punjab are related to anticipatory monthly pension @ 65% of Basic Pay as per LPC. The details are as under:
Clarification of Fake News of Pension and Gratuity on Initial Basic Pay
There are a number of Fake News of Pension on Initial Basic Pay. There is no reality that the employees in the future will get a pension in initial or starting basic pay. The Federal or Punjab Government did not issue any such Notification. Only Punjab Government issued the Notification of Leave Encashment only on the basis of Initial basic pay of a particular basic pay scale.