Budget debate wrapped up in Senate. PHOTO: FILE.
Wrapping up budget debate in Senate and announcing relief measures in light of recommendations made by Senate's Finance Committee, the minister said this year the provinces decided to increase minimum wage to Rs10,000.
The Benazir Income Support Programme (BISP) monthly allocation was increased from Rs1,000 to Rs1,200.
The minister while emphasizing that the current economic situation, energy challenges and terrorism were priorities for the government called upon parliamentarians to guide the officials in countering them.
The finance minister also announced that there will be no additional burden on those earning Rs2.5 million per year.
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Minimum wage will destrpy compeyitivesness in pakistan and add to inflation.
It says no additional tax, on 2.5 million, not NO TAX!
Good job Mr Dar! The poor Pakistanis are considering you as their saviour.
@lol: As if they were the largest employer. Obviously, you are short on your basic knowledge and education. Didn't attend a prep school did you???.
Minimum wage does not exist whats the point in raising it
Until now, the minimum wage was Rs. 8,000 p.m., and this is what we were paying to our office peon and the maid servant in our house. Both of them will come tomorrow and demand Rs. 10,000 p. m. The minimum wage has nothing to do with industries. It is for everyone, but is not enforced, except in those areas where you can't get servants. In Karachi, wages are highest in HA & Clifton (sometimes even more than the minimum wage). Drivers are now earning Rs. 15,000 p.m.
@billoo Bhaya, get an education brother, the minimum wage applies to govt salary
I don't understand this no additional tax on people with 2.5 million yearly income. I m a salaried individual. My earning is around 9.3 lakhs per year. I do not understand if I wud b effected or not
but thing is, they are indirectly telling professionals to go abroad n that they have no life in this country. At the end of every month I have no savings keeping in view of the huge inflation rate that's rising every month, squeezeing the middle n true tax paying class making them feel they don't belong to this country. Really what benefit do we have living in this country anymore??
The way I read the minimum wage act, it is only applicable for industrial settings. Am I wrong? Has anyone else ever read the act?
In a country bereft of law, minimum wage makes no difference. Is the CJ going to enforce compliance?? Private businesses or homes pay what a worker is willing to work for all over the world. Immigrants from Mexico come to work on US farms because they accept less than the minimum wage. No enforcement there.
Huh, no burden on people earning 2.5 million. Is this the common people or low salary personal ? I guess its for the Ministers ;) But extra burden has been put on the shoulders of the low salary personal bcoz they pay honestly. So they should be punished that why dont they cheat and evade taxes!