ISLAMABAD: After announcing a record profit of Rs950 billion in 2021, Prime Minister Imran Khan appealed to Pakistan’s leading firms to raise employee wages once more on Saturday.
The prime minister thanked Serene Air for responding to his appeal and announcing a 44 percent wage raise for low-paid employees and a 15-25 percent raise for others on Twitter.
“I applaud Serene Air’s AVM Safdar (R) for answering to my call and announcing a pay increase of 44 percent for low-wage employees and 15-25 percent for other employees,” the premier tweeted on his official Twitter account.
I appreciate Serene Air's AVM Safdar(R) for responding to my call & announcing pay rise of 44% for low paid employees & 15-25% for other employees. I urge the top 100 corporations in Pak, who made record profits of Rs.950 bn in the last yr, to also raise their employees salaries.
— Imran Khan (@ImranKhanPTI) January 29, 2022
He encouraged the country’s top 100 firms, which achieved record profits of Rs950 billion last year, to raise employee compensation as well.
Farrukh Habib, Minister of State for Information and Broadcasting, commended the companies for raising their employees’ salaries in response to Prime Minister Imran Khan’s call.
“Despite the consequences of the coronavirus pandemic, Prime Minister Imran’s best economic initiatives have begun to yield dividends,” he tweeted.
According to the minister, businesses that had made profits were reacting to the prime minister’s demand by raising employee compensation.
He also expressed gratitude to Serene Airline for increasing employee compensation.
Shaukat Tarin, the Federal Minister of Finance and Revenue, said on Wednesday that the economy was on the right track, despite the fact that the country had to deal with four major crises in the last three and a half years. The economy grew by 5.37 percent in fiscal year 2020-21 and was expected to grow by 5% this year.
“No one predicted this (growth), but it happened,” the federal minister said during a news conference in Islamabad, adding that development was seen in all sectors of the economy during the period, including manufacturing, agriculture, and services.
He stated that the growth for the previous year was predicted to be approximately 3.94 percent, but that since large-scale manufacturing saw significant increase in June 2021, the overall growth estimates for the year have risen.
He stated the optimism that growth will be 5% this year, citing enormous increases in overall income collection, including a 13 percent increase in electricity usage, increased exports, and predicted bumper crops.
