Friday, December 6, 2024

Update on Revision of Rental Ceilings And Hiring Rates Notification 2024

An Update on Revision of Rental Ceilings and Hiring Rates for federal employees is expected soon, as the Ministry of Housing and Works has initiated a survey to evaluate current housing costs for federal employees. The survey is expected to result in adjustments to rental allowances, potentially increasing them by up to 45%. However, The Ministry of Housing and Works confirmed that previous news about increase in House Rent Allowances were just rumors and the figures widely circulated about grade-wise increase before are not final and no official decision has been made regarding the new hiring rates or rental ceilings. Moreover the survey is covering major cities like Islamabad, Rawalpindi, Karachi, Lahore, Quetta and Peshawar.

This anticipated Update on Revision of Rental Ceilings and Hiring Rates would significantly impact employees in key cities like Islamabad and Rawalpindi, where housing costs are highest. The expected revision would help federal employees, particularly those in higher Basic Pay Scales (BPS), better cope with increasing rent prices. The hiring rates Islamabad and hiring rates in Rawalpindi are of particular interest due to the high demand for housing in these cities. The revised hiring rates of federal employees would ensure that both new hires and those renewing leases have access to sufficient housing allowances, aligned with the market rates in their respective locations.

Clarification on New Hiring Rates Notification

As of now, no new notification regarding the revision of rental ceilings and hiring rates has been issued by the Ministry of Housing and Works. The expected increase is still under review, and the exact changes to the hiring rates and rental ceilings are yet to be finalized. The previous reports of a 45% increase remain unconfirmed and should be regarded as speculative.

Until the survey is completed and the final decisions are made, the last official notification on hiring rates of federal employees and rental ceilings remains in effect. You can find the Existing Rental Ceilings and Hiring Rates Notification.pdf here.

The Ministry of Housing and Works is preparing to release an official update soon.

The revised hiring rates in Islamabad, hiring rates in Rawalpindi, and other major cities are expected to provide much-needed relief to federal employees facing the burden of rising housing costs.

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