July 10, 2021

Current revenue footing bill of rising pensions to be unsustainable

ISLAMABAD: Pakistan’s pension bill has gone up by 92 percent at the federal level while it ballooned in the range of 78 to 113 percent among the four provinces during the last five years, indicating that this monster was increasing at a supersonic speed, making it unsustainable.“Both nominal and real pension burdens have seen an increasing trend. The amount of federal pension has increased around 18pc annually in real terms . Over the past five years, all the provinces have seen growth in...