{"id":99194,"date":"2024-09-15T10:54:17","date_gmt":"2024-09-15T05:54:17","guid":{"rendered":"https:\/\/www.zameen.com\/news\/?p=99194"},"modified":"2024-09-13T16:26:27","modified_gmt":"2024-09-13T11:26:27","slug":"islamabad-80-inflation-linked-pension-boost","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/islamabad-80-inflation-linked-pension-boost.html","title":{"rendered":"Flat pension increase to be replaced by inflation-linked adjustments"},"content":{"rendered":"\n<p>Islamabad: The Finance Ministry is expected to replace the flat lump sum pension increase for retired civil servants with an 80% adjustment tied to inflation over the next two years. This update comes from a news piece on September 12.<\/p>\n\n\n\n<p><strong>Read: <\/strong><a href=\"https:\/\/www.zameen.com\/news\/punjab-propose-property-tax-procedures.html\" target=\"_blank\" rel=\"noreferrer noopener\">Punjab Finance Bill 2024-25: New property tax procedures, penalties proposed<\/a><\/p>\n\n\n\n<p>As outlined in the details, this move is part of a broader strategy to manage the rising pension burden. Previously, pensions were increased by a flat 15% in the current budget, but future increments will now be linked to inflation, using data from the State Bank of Pakistan (SBP). This shift follows recommendations from the Pay and Pension Commission 2020.<\/p>\n\n\n\n<p><strong>Read: <\/strong><a href=\"https:\/\/www.zameen.com\/news\/pak-meets-imf-set-targets-ahead-schedule.html\" target=\"_blank\" rel=\"noreferrer noopener\">PAK meets IMF\u2019s targets early, reports Finance Ministry<\/a><\/p>\n\n\n\n<p>Additionally, the government aims to bring inflation down to single digits by the next fiscal year, while allocating PKR 1,014 billion for pensions in the current financial year.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Islamabad: The Finance Ministry is expected to replace the flat lump sum pension increase for retired civil servants with an 80% adjustment tied to inflation over the next two years. This update comes from a news piece on September 12. Read: Punjab Finance Bill 2024-25: New property tax procedures, penalties proposed As outlined in the details, this move is part of a broader strategy to manage the rising pension burden. Previously, pensions were increased by a flat 15% in the current budget, but future increments will now be linked to inflation, using data from the State Bank of Pakistan (SBP). This shift follows recommendations from the Pay and Pension Commission 2020. Read: PAK meets IMF\u2019s targets early, reports Finance Ministry Additionally, the government aims to bring inflation down to single digits by the next fiscal year, while allocating PKR 1,014 billion for pensions in the current financial year.<\/p>\n","protected":false},"author":88,"featured_media":63462,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[15017],"tags":[3293,57744,55057,21853],"persona":[],"class_list":{"0":"post-99194","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-notices-announcements","8":"tag-finance-minister","9":"tag-finance-ministry-news-and-updates","10":"tag-sbp-news-and-updates","11":"tag-state-bank-of-pakistan-sbp","12":"cat-15017-id"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Islamabad: 80% Inflation Linked Pension Boost - Zameen News<\/title>\n<meta name=\"description\" content=\"FM plans to shift from a flat lump sum pension increase for retired civil servants to an 80% adjustment tied to inflation over two years.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.zameen.com\/news\/islamabad-80-inflation-linked-pension-boost.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Islamabad: 80% Inflation Linked Pension Boost - Zameen News\" \/>\n<meta property=\"og:description\" content=\"FM plans to shift from a flat lump sum pension increase for retired civil servants to an 80% adjustment tied to inflation over two years.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zameen.com\/news\/islamabad-80-inflation-linked-pension-boost.html\" \/>\n<meta property=\"og:site_name\" content=\"Pakistan Real Estate News &amp; Pakistan Property News &amp; Latest Updates - Zameen News\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/ZameenPK\" \/>\n<meta property=\"article:published_time\" content=\"2024-09-15T05:54:17+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/news-cdn.zameen.com\/wp-content\/uploads\/2020\/03\/MoF.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1170\" \/>\n\t<meta property=\"og:image:height\" content=\"400\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Muhammad Zohaib Nasir\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@ZameenProperty\" \/>\n<meta name=\"twitter:site\" content=\"@ZameenProperty\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Muhammad Zohaib Nasir\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Islamabad: 80% Inflation Linked Pension Boost - Zameen News","description":"FM plans to shift from a flat lump sum pension increase for retired civil servants to an 80% adjustment tied to inflation over two years.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.zameen.com\/news\/islamabad-80-inflation-linked-pension-boost.html","og_locale":"en_US","og_type":"article","og_title":"Islamabad: 80% Inflation Linked Pension Boost - Zameen News","og_description":"FM plans to shift from a flat lump sum pension increase for retired civil servants to an 80% adjustment tied to inflation over two years.","og_url":"https:\/\/www.zameen.com\/news\/islamabad-80-inflation-linked-pension-boost.html","og_site_name":"Pakistan Real Estate News &amp; 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