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Peshawar: The Khyber Pakhtunkhwa (KP) government is expected to increase the salaries and pensions of its employees by 10 to 15 percent in upcoming budget for fiscal year 2024-25.
The proposed budget for the new financial year is Rs1,754 billion, with Rs200 billion allocated for the annual development program.
The provincial government is set to present the budget tomorrow and it is for the first time that a provincial budget is being tabled before the federal budget.
The KP government would propose cut in property tax rate while it would recommend imposition of provincial tax on tobacco.
Reports said that the finance ministry has sent summary regarding budget proposals to the chief minister, who will seek approval from his cabinet.
KP chief minister’s Finance Advisor Muzammil Aslam said the provincial budget would bring multiple good news for the public, adding that no direct or new tax is being imposed on the tribal districts.
Read More: Government employees’ salary to increase from June 2024: Details inside
The government is also mulling over a proposal to impose “road tax” on vehicles registered in other provinces.
Salary update in KP Budget 2024-25
As per the media reports, a salary increases of 10 to 15 percent for government employees has been proposed for Khyber Pakhtunkhwa people.
Provincial Finance Adviser Muzammil Aslam shared update, saying there are no plans to impose taxes in Malakand Division and the merged tribal districts in the upcoming budget. He further emphasized that any decision to impose taxes will be made in consultation with local elders and elected assembly members. He also mentioned that the federal government should consult the provincial government before imposing taxes in these areas.
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