As the budget for the new fiscal year is slated to be released on Friday, the federal government is expected to raise staff pay and pensions.

According to sources, the finance bill recommended a 30% rise in salary for employees in grades 1 through 16, and a 20% increase for personnel in grades 17 and beyond.

They stated that a 15 to 20 percent rise in pensions for retired government personnel had been recommended, with Rs780 billion earmarked for pensions.

According to sources, the federal cabinet will provide final permission for salary and pension increases tomorrow (June 9).

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