March 1, 2021

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Pakistan Military seeks large wage hike as nation battles coronavirus | World Information

Pakistan Army seeks massive salary hike as country battles coronavirus

New Delhi: When international locations internationally are battling towards the novel coronavirus, Pakistan Military has sought a bundle of Rs 6,367 crore from the federal government to extend the wage of Military personnel by 20 per cent. The hike in wage has been demanded within the wake of Pakistani foreign money’s decline and rising inflation.

The Pakistan Military has reportedly said that the wage of troopers needs to be hiked as they’re discovering it troublesome to deal with the state of affairs amid worth rise. The Military reminded the federal government of its earlier promise to extend the salaries of officers as much as Brigadier rank by 5 per cent and of troopers by 10 per cent.

The omnipotent Pakistan Military’s demand has come at a time when folks of Pakistan are passing by the worst part however the males in uniform are least involved with different points. 

The Military has cited that the troopers are unable to run their home within the present wage, however the fact is that the Military has sufficient funds to empty cash to fireside bullets on the Indian border, in addition to operating different companies within the nation.

Within the yr 2016, a report mentioned that the Military invested greater than $100 billion in Pakistan’s personal sector enterprise. Its Industrial Wing, Shaheen Basis, has residential properties value over $20 billion or Rs 1.5 lakh crore. 

The Pakistan Military reportedly runs firms in several sectors together with banking, meals, retail, superstores, cement, actual property, housing, development, personal safety service to insurance coverage corporations. Now, it is usually toying with the thought to enter into oil enterprise as nicely.

The Pakistan Military’s enterprise just isn’t affected by the nation’s protection funds, nonetheless, it’s crying for the shortage of funds. 

The irony is that Pakistan has 33,000 circumstances of coronavirus and greater than 700 folks have already misplaced their lives. Prime Minister Imran Khan has additionally said that Pakistan’s financial system just isn’t in a situation to resist the present financial strain because of the COVID-19 lockdown. 

The European Union prolonged a monetary support of $163 million to Pakistan, whereas the US gave help of $eight million to Pakistan to cope with the state of affairs arising out of coronavirus disaster.

In keeping with the Pakistan Institute of Growth Economics, Pakistan has suffered an financial lack of about Rs 11,000 crore within the month of April solely because of the COVID-19 lockdown.

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