Pre-Budget Conference To Be Held in Islamabad on Tuesday

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On Tuesday, a pre-budget conference on business, agriculture and IT will be held in Islamabad that will be addressed by Shahbaz Sharif, the Prime Minister of Pakistan. The event’s agenda is to sensitize the private business sector and incorporate their constructive advice.
The conference comes as Pakistan grapples with an economic crisis, and the government hopes that renowned businessmen, agriculturists, and IT experts will be able to present recommendations on IT, agriculture, textiles, and exports, among other topics.
“It is the vision of the Prime Minister of Pakistan to make a progressive, development, and people-friendly budget by fostering public participation in budget making,” the government stated in a press release.
The government is currently preparing the budget for the fiscal year 2022-23, and the conference is an attempt to work with the private sector to ensure that the budget reflects the private, business, and public sectors’ expectations.
The next budget is scheduled to be presented on Friday, June 10, and there is a plan for a five to fifteen percent increase in government employee salaries, according to Finance Ministry sources. But it is linked to the prior approval from the International Monetary Fund (IMF).
“Ad-hoc allowances for employees in BPS-1 to BPS-19 will be increased by 5 to 10%,” they said, adding that salaries in BPS-20 to 22 would be increased by 10 to 15%, and pension would be increased by 5% to 10%. However, according to the sources, any increase in perks will be dependent on IMF approval.

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