Talks between Pakistan and IMF to increase salaries and pensions of govt employees successful 

Balochistan24 web desk:

Negotiations between Pakistan and IMF for increase in salaries and pensions of government employees have been successful. Electricity and gas will not be expensive till October 2020. Possibility of increase in salaries and pensions of government employees by 10%. According to details, the IMF had demanded the government not to increase the salaries and pensions of government employees. Negotiations were underway between the government and the IMF in this regard. Now, according to sources, the government has succeeded in persuading the IMF to increase the salaries and pensions of government employees.

Not only will the salaries and pensions of government employees be increased, but the IMF has been persuaded not to increase electricity prices until October.
It has been reported that the IMF had started pressuring the government for tough measures before the budget for 2020, 2021 was presented. The IMF was pressuring not to increase the salaries of government employees, but to cut the salaries of government employees. The IMF demanded a 20% cut in the salaries of government employees.

While the salaries of employees of grades 18 to 22 are also being demanded to be frozen. The IMF was of the view that government salaries had been reduced by 20% in 20 countries following the Corona virus crisis. In Pakistan, due to cheaper petrol and lockdown, transportation costs have come down. In Pakistan, too, after Corona, people’s expenses have come down, so the government should save its expenses by not increasing the salaries of government employees.
The government flatly refused to accept the IMF’s demand and took the position that the situation in Europe and Pakistan is different. Inflation in the G20 countries is only 2%. Government employees will have to be protected from inflation, pensioners will have to be protected from inflation. That is why they cannot cut the salaries of government employees.