Pension on the poor country is huge load that will be unbearable in the future, Ishaq Dar
Pension on the poor country is huge load that will be unbearable in the future, Ishaq Dar
Under the pension reforms, officers in grade 17 or above with two or more pensions will be entitled to one pension. Finance Minister's speech in the National Assembly
Federal Finance Minister Ishaq Dar has said that the poor country has a huge burden of pension which will be unbearable in the future. According to the details, while expressing in the National Assembly, he said that the poor country has a huge burden of pension whose bill has reached 800 billion, they are trying to reform pensions because pension cash accounting is impossible in the future. Will be tolerated.
Regarding two pensions, Ishaq Dar said that officers of grade 17 or above with two or more pensions will be entitled to one pension, officers with more than one pension will be able to choose one pension at their choice. On the death of a retired government officer, the widow will be able to get pension, on the death of both the government officer and the spouse, the children will get 10 years of pension.
In the National Assembly, Federal Finance Minister Senator Muhammad Ishaq Dar moved that the Finance Bill 2023-24 be taken up for consideration, the House approved the motion, after which Finance Minister Muhammad Ishaq Dar presented the Finance Bill in the House, Speaker. The National Assembly Raja Pervez Ashraf presented all the clauses of the bill one after the other for approval in the House in which Maulana Abdul Akbar Chitrali, Saira Bano, Nisar Cheema, Zahra Wadud Fatemi, Nawab Sher Waseer, Asia Azim and various other clauses were amended. which were rejected by the House by majority vote while the House approved an amendment of Maulana Abdul Akbar Chitrali to be included in the bill, the House also rejected the amendment of MQM member Salahuddin in the bill.
Finance Minister Ishaq Dar moved that the Finance Bill 2023-24 be approved to give legal protection to the budget of the next financial year, the National Assembly approved the bill, in the light of the Senate recommendations, the Finance Minister Finance Bill 2023 The House also approved the amendments presented in 24. After re-considering the federal budget proposals presented in the House on June 9, Finance Minister Muhammad Ishaq Dar took into consideration the budget debate in the House and the Senate recommendations. In the budget of the next fiscal year, it was announced to bring some changes in the revenue targets and some other issues in the data. It has been said about these changes that the FBR revenue target has increased from 9200 billion to 9415 billion rupees. Provinces increased from 5276 billion rupees to 5390 billion rupees, federal government expenses increased from 14460 billion rupees to 14480 billion rupees, the amount of pension will increase from 761 billion rupees to 801 billion rupees, the amount of subsidy will be 1064 billion rupees. While the volume of grants will be 1405 billion rupees, as a result of all these measures, the budget deficit will improve, the fiscal deficit will be reduced by 300 billion rupees.
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