Salaries, Pension Increase Update In Federal Budget 2024-25 - Good News

3 months ago

#Budget2024 #SalaryIncrease #Pension #PakistanEconomy #Inflation #NationalAssembly #MuhammadAurangzeb #Budget #PMLNGovt #PPP

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00:00Wifaki Wazir-e-Khazana Mohammad Aurangzeb has presented a budget for the new financial year 2024 in the National Assembly.

00:07Mobile, cement, paper, imported cars have been made expensive.

00:11Taxes have been increased on the purchase and sale of property.

00:14Branded clothes, shoes, leather products have been made expensive.

00:18Purchase and sale for non-filers and business is difficult. Taxes have been increased.

00:22Illegal cigarette sellers will go to jail.

00:2520% increase in the salary of government employees from grade 17 to 22.

00:2915% increase in the pension of retired government employees.

00:33At least the monthly wage has been increased from 32,000 to 36,000.

00:38Wifaki Wazir-e-Khazana Mohammad Aurangzeb has presented a budget for the new financial year 2024 in the National Assembly.

00:46Cement, mobile phone, imported cars, books, copies will be expensive.

00:50Only the government departments of essential services, the rest are inferior.

00:5420% increase in the salary of government employees from grade 17 to 22.

01:0015% increase in the pension of retired government employees.

01:04At least the monthly wage has been increased from 32,000 to 37,000.

01:09Health insurance scheme for journalists and media workers is being implemented.

01:13In the first phase, there will be health insurance for 5,000 journalists and media workers across the country.

01:18In the second phase, 10,000 journalists and media workers will be provided basic health rights.

01:23Tax exemption has been added to the purchase and sale of property.

01:27Branded clothes, shoes, leather products have been made expensive.

01:30For non-filers, the purchase and sale of business is difficult. Tax has been increased.

01:35Illegal cigarette sellers will go to jail. The shop will be sealed.

01:3920% increase in the salary of government employees from grade 17 to 22.

01:4515% increase in the pension of retired government employees.

01:48At least the monthly wage has been increased from 32,000 to 37,000.

01:53Mobile, cement, paper, imported vehicles have been made expensive.

01:5725% increase in the salary of government employees from grade 1 to 16.

02:0122% increase in the salary of government employees from grade 17 to 22.

02:0515% increase in the pension of retired government employees.

02:08Reforms in the current pension.

02:09Contributor scheme for new employees.

02:12We know more details from our representative, Shoaib Nizami.

02:15Yes, please update.

02:18We can see a storm of inflation.

02:20The government is withdrawing everything that was in the zero rating.

02:26Because of this, there is a risk of inflation.

02:29The PDL is being decided to deposit 20 rupees per litre of petroleum and diesel.

02:37Because of this, all kinds of inflation can happen.

02:40Because if you deposit 20 rupees per litre of petrol and diesel, the price will increase.

02:46This is a new storm of inflation.

02:48Along with this, there are dozens of items that were coming from FATA and PATA to Pakistan.

02:53They were coming to other parts of Pakistan.

02:56One of the important things was tea leaves, on which GST was not registered.

03:00It was imported to other parts of the country.

03:06Tax will be imposed on it.

03:10All the factories and factories in FATA and PATA, tax is being imposed on them.

03:17The non-pilot supply chain in Pakistan, 1% tax is being increased to 2.25%.

03:25This is also a new storm.

03:27Along with this, 15% of the sale tax on clothes and shoes is being increased to 18%.

03:35As soon as the final bill comes, it will be clear what items are in the zero rating.

03:44There are a lot of medicines in it.

03:48Along with this, a very important item is milk, which is kept in a box.

03:53That will also come.

03:54And the packed rice will also come.

03:57If all these things are cleared in the final bill, then it will be seen where the price of alcohol will reach in Pakistan.

04:06And what will be the problems of the people.

04:09The important thing is that the tax on imported paper is being eliminated.

04:14Tax is being imposed, which will make things more expensive in Pakistan.

04:18The educational expenses of the people will also be badly affected by this budget.

04:23So, there is no relief in this budget for the common man.

04:27As the government was claiming that there will be a reduction in inflation to some extent.

04:32The steps that are visible, increase in inflation.

04:36As we are talking about cement, the 2 rupees per kg of FED will now be increased to 3 rupees per kg.

04:43Similarly, the various things in which there are various taxes, when they are over.

04:51Mobile phones will be expensive.

04:53Paper, plastic will all be expensive.

04:56The imported items will all be expensive.

04:59Similarly, the glass will be expensive.

05:01Steel will be expensive.

05:02All these raw materials will increase their cost of production.

05:09And things will start getting more expensive.

05:11And this will be the point that will cause inflation.

05:15Secondly, as we are going to enter the IAS program in Pakistan.

05:21So, in July and August, we made a video request.

05:25Okay, Shoaib Nizami, you stay with us.

Salaries, Pension Increase Update In Federal Budget 2024-25 - Good News

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