Islamabad, September 12, 2024– In a major development for retired government employees, the Ministry of Finance is considering ending the one-time increase in pensions. Instead, the ministry is proposing a new plan to adjust pensions based on inflation over the past two years.
According to sources, the inflation rate has surged by nearly 80% during the last two years, and the Ministry of Finance is working on a proposal to raise pensions accordingly.
The decision will be based on inflation data provided by the State Bank of Pakistan. Although the proposal is still under review, the government is actively exploring ways to align pension increases with inflation.
This move comes as retirees face growing financial challenges due to rising living costs, and the government aims to provide relief through a sustainable, inflation-linked pension adjustment system.
