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Shehbaz Sharif raises minimum wage of govt employees to Rs25,000

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  • The decision is applicable from April 1, 2022.
  • Shehbaz announces 10% increase in civil, military pensions.
  • Newly elected PM says the parliament’s security committee would be given a briefing on the “threat letter”.

ISLAMABAD: In his first speech in the National Assembly as the prime minister of Pakistan, Shehbaz Sharif Monday raised the minimum wage of government employees to Rs25,000 which is applicable from April 1.

He further announced that 10% salaries will be increased of all people earning less than Rs 100,0000 per month, with effect from April 1. Shehbaz also announced a 10% increase in civil and military pensions of retired employees.

Following the ouster of PTI chairman Imran Khan from the office of the prime minister, the Opposition’s joint candidate Shehbaz Sharif was elected as the 23rd premier of Pakistan today.

Shehbaz secured 174 votes as opposed to PTI’s candidate Shah Mahmood Qureshi, who received no votes after his party decided to boycott the polling process.

The premier mentioned that it was for the first time in the history of Pakistan that a prime minister was ousted through the no-confidence motion.

Among other relief measures, PM Shehbaz said that cheap wheat will be introduced at utility stores, laptops will be provided to the youth, and Benazir Card will be introduced.

‘We need to wash out the effects of previous govt’

Regarding the economy of Pakistan, Shahbaz said if Pakistan were to progress, then it needs to be self-sufficient on the financial front.

“…we will need to protect and respect the nation as neither was anyone a traitor nor are they traitors now,” the prime minister said, noting if Pakistan’s economy were to move forward, then, the government will have to use “dialogue” and not move towards a deadlock.

PM Shehbaz Sharif said hard work was required for Pakistan’s progress as if only statements could move the country forward, then during PTI’s tenure, “we would have been among the leading nations.”

“We will need to wash out the effects of the previous government by working together, otherwise, we will fail […] our economy is in a bad situation right now,” the prime minister said.

Shehbaz said the new government would take steps to make Pakistan an “investment heaven” for investors as he noted their capital would help the country move forward.

He announced that despite Punjab “being the elder brother” if all the other provinces remain behind in terms of development, then it is not Pakistan’s development, it was just a single province’s development.

“…this servant of Pakistan vows to make sure that Pakistan will develop and not just Punjab,” Shehbaz said.

He said the government would reintroduce the Benazir Card and interlink it with the education sector in a bid to facilitate people whose children go to school.

“Our children should be equipped with great knowledge […] we will reintroduce this programme with consultation,” he said and lashed out at the PTI government for discontinuing it.

In-camera briefing on ‘threat letter’ 

The newly-elected prime minister said the Opposition was discussing the no-confidence motion days before Imran Khan’s “concocted threat letter controversy”.

“They say that this letter came to them on March 7, but our decisions were made way before that, so, if [what the previous government claimed] is a lie, then the matter should be disclosed transparently before the public,” he said.

Therefore, PM Shehbaz Sharif announced that the parliament’s security committee would be given a briefing on the “threat letter” to the members of the committee in presence of the armed forces personnel and bureaucrats — the director-general Inter-Services Intelligence, foreign secretary, and the ambassador who wrote it, who has now been transferred to Brussels.

“If there’s an iota of evidence that we were backed by foreign conspirators […] then with you Mr speaker and God as my witness, I will not think for another second and resign from the office of the prime minister,” PM Shehbaz Sharif said, vowing to hold an in-camera session of the security committee at the earliest.

The prime minister thanked his brother and ex-premier Nawaz Sharif for his support, while also lauding social media activists, press clubs, media houses, and lawyers for backing the Opposition’s struggle for democracy.

Take on foreign policy

Speaking about foreign policy, Shehbaz said China has been Pakistan’s partner through thick and thin. “No one can snatch Pakistan and China’s friendship from us,” he said, calling it a “long-lasting relation.”

He also reiterated that China-Pakistan Economic Corridor (CPEC) will be carried forward and the projects will move forward at a faster pace.

On relations with the United Kingdom, Shehbaz said that bilateral relations need to move forward as millions of Pakistanis live there, adding that the UK provided funding for education in all four provinces. Meanwhile, Shehbaz also maintained that relations with the US must also be established on equal grounds.

Speaking about India, the newly-elected prime minister lamented that despite them wanting peaceful ties with India, they know that until the Kashmir issue is resolved, relations between the two cannot be strengthened.

“Urging Indian premier Narendra Modi to understand the issues of the people living on both the sides; there is poverty, unemployment, medical issues, etc,” he said, questioning “why harming ourselves and the generations to come?”

He said Modi should come forward and resolve the Kashmir issue according to the will of the Kashmiris and reiterated that his government will continue to raise its voice for the people of Kashmir.

Business

Pakistan’s gold prices continue to decline.

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The price of ten grams of 24 carat gold dropped by Rs 1,201 to Rs 205,418 from Rs 206,619, while the price of ten grams of 22 carat gold dropped to Rs 188,300 from Rs 189,400, according to the All Sindh Sarafa Jewellers Association.

Silver, priced at Rs. 2,620 per tola and Rs. 2,254.80 per ten grams, stayed at that level. As reported by the organization, the price of gold dropped by $11 on the global market, to $2,297 from $2,308.

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Price of LPG “slashed” by Rs. 20 per kilogram

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Sources claim that LPG rates have been lowered by Rs 20, making the cost per kilogram drop from Rs 280 to Rs 260.

It is noteworthy to remark that the costs of LPG were reduced by Rs 20 per kilogram earlier, resulting in a total reduction of Rs 40 per kilogram within a few weeks.

The price of liquefied petroleum gas for the month of May 2024 was lowered by the Oil and Gas Regulatory Authority (OGRA) on April 30.

The LPG tariffs were lowered by Rs 11.88 to Rs 238.46 per kilogram in accordance with the OGRA’s notice. On Wednesday, May 1, 2024, the new rates will go into effect.

In April of last year, the price per kilogram of LPG was Rs 250.34. pricing reduction of Rs 140.18 has resulted in a new pricing for home LPG cylinders set for May 2024 of Rs 2813.85.

The OGRA reported a drop in liquefied petroleum gas pricing in April. The price of LPG is now Rs 250.34 per kg instead of Rs 256.78 due to a reduction of Rs 6.44 per kg.

The price of the household cylinder was fixed at Rs 2954.03 for the month of April, down from Rs 3030.12, a decrease of Rs 76.9.

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Business

ADB delegation stops by FBR headquarters

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Senior Director ADB Tariq Niazi oversaw the expedition, which also involved Sana Masood, Farzana Noshab, and Senior Public Sector Management Specialist Laisiasa Tora. The meeting included presentations from economists as well, according to an FBR press release.

The officers focused on structural and policy adjustments as they discussed the Domestic Resource Mobilization Program’s implementation at the meeting.

$300 million was given to the Pakistani government by ADB in December 2023 as a result of the hard work and dedication of FBR. Better laws, regulations, and institutional capability for the FBR were established by Sub-Program I.

With the $300 million in funding provided by the Asian Development Bank (ADB) to the Government of Pakistan in December 2023, the delegation conveyed satisfaction with the program’s effective launch.

The FBR also underlined how crucial digitization is to recording the economy and boosting productivity in a sustainable way.

In order to promote the Government of Pakistan’s Digital Tax Administration Project, both parties decided to look into measures to improve their cooperation.

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