Annual increment chart 2023 kpk
The Federal government has announced the annual increment chart for salary in December 2023 and 23. The table below shows the revised rates of annual increment for different categories of employees working in different grades and levels in the province of Khyber Pakhtunkhwa. Grade Basic Pay Scale Increment 17 Rs.1,44,200-2,18,200 Rs. 12,600 18 Rs.1,82,200-2,59,200 Rs. 14,400 19 Rs.2,29,200-3,07,200 Rs. 16,200.
Annual increment chart 2023-24
The annual increment chart for December 2023-24 is now available. This year, the increments will be given out in two phases. The first phase will be from 1st December 2023 to 31st March 2023 and the second phase will be from 1st April 2023 to 30th June 2023. The total number of increments that will be given out in each phase is as follows: Phase 1: 5,00,000 Phase 2: 3,00,000 The total number of increments that will be given out in the entire year is 8,00,000. The average increment amount in Phase 1 is Rs. 1,500 and in Phase 2, it is Rs. 1,000. So, the total average increment amount for the year is Rs. 1,250. This year’s annual increment chart is given below:
Increment in Salary 2023 in Pakistan
Pakistan is a country located in Southern Asia. The official name of the country is the Islamic Republic of Pakistan. The population of Pakistan is approximately 207 million, making it the sixth most populous country in the world. Pakistan has a land area of 796,095 square kilometers, making it the 33rd largest country in the world. The economy of Pakistan is the 24th largest in the world in terms of purchasing power parity (PPP), and 43rd largest in terms of nominal GDP.
Annual Increment Chart Salary December 2023-24
Pakistan’s GDP growth rate was 5.8% in FY 2013, which was the highest growth rate in eight years. The country is projected to have a GDP growth of 6.3% in FY 2014. The main drivers of Pakistan’s economy are agriculture, textile industry, and service sector. The average salary in Pakistan is Rs. 36,711 per month.
The median salary is Rs. 30,000 per month, which means that 50% of the population earns more than this amount while 50% earn less. The top 10% earn more than Rs. 74,167 per month while the bottom 10% earn less than Rs. 15,417 per month. The Pakistani Rupee has been devalued several times since 1947 and continues to be devalued on an annual basis. As a result, salaries in Pakistan are not worth as much as they were a few years ago when compared to other currencies such as the US Dollar or Euro. In recent
Annual Increment Chart 2023 federal government employees
As per the latest Annual Increment Chart released by the Federal government, the salaries of all federal employees will see an increment in December of 2023. The percentage of increment has been decided as 3%. So, if your current salary is Rs. 1,00,000/-, then after the annual increment in December 2023, your new salary will become Rs. 1,03,000/-. The chart also mentions that there will be a COLA (Cost of Living Allowance) adjustment in July of 2023 which will be based on the CPI (Consumer Price Index) data from May of 2023.
The CPI data for May 2023 has not been released yet, so we cannot predict the amount of COLA adjustment at this point. However, we can expect that the COLA adjustment will be in line with the previous year’s data, which was around 2%. This means that federal employees can expect to receive a salary hike of around 5% in total over the next two years – 3% in December 2023 and 2% in July 2023. This is good news for federal employees who have been waiting for a salary hike for some time now.
Annual increment chart 2023 sindh government
The Sindh government has announced the annual increment chart for December 2023-24. The chart is meant for all civil servants in the province and will be implemented from the next fiscal year. The basic salary will be increased by 10% while the ad-hoc relief allowance 2019 will be merged with the basic salary. The house rent allowance will also be increased by 10%. All other allowances will remain unchanged. The new salaries will be effective from 1st December 2023.
