Pension Updates

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:

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:

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.

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 1^st July 2023. The details are as under:

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: