Govt and Industry Reach Agreement on Minimum Wage increase

Politics

SLAMABAD: The federal government and industrialists have agreed on raising the minimum wage of employees during a high-level meeting held under the chair of Prime Minister Imran Khan,

A delegation comprising of renowned industrialists and businesspersons met PM Imran Khan in Islamabad today. The meeting was also attended by Chief of Army Staff (COAS) General Qamar Javed Bajwa, Fawad Chaudhry, Abdul Razak Dawood, Farrukh Habib and Dr Shahbaz Gill.

The federal government and industrialists have agreed on increasing the minimum wage of workers. They emphasised formulating long-term policies for promoting industries.

PM Khan said that the government is fully aware of the financial burden being borne by a common man following the inflation in global markets. The government has taken effective steps to reduce inflation impacts on the common people of the country, he added.

In addition, the country is going through a severe economic crisis as a result of a shortage of foreign reserves. The export economy has been greatly impacted by this, especially the textile industry, which is currently facing a large employment loss.

Nadeem Parwaz, general secretary of IndustriALL affiliate PTGLWF and member of the Punjab minimum wage board, says

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