No Pay Rise for Officials, Executives  This Year
No Pay Rise for Officials, Executives  This Year
Saturday, April 28, 2018

No Pay Rise for Officials, Executives This Year

Saturday, April 28, 2018

No Pay Rise for Officials, Executives This Year

Top government officials, managing directors, members of the board of directors, provincial governors, as well as mayors and city councilors of provincial capitals will not receive a pay rise in the current fiscal year (March 2018-19), the Iranian Cabinet decided on Wednesday.
The Cabinet also set a 6-12% increase in the wages of public employees. Pensioners will also see a 10% increase in monthly payments while all government employees and pensioners must receive at least 12 million rials ($285) this year, IRNA reported.  
Earlier this month, the Supreme Labor Council decided that minimum wages will rise by 19.8% in the new Iranian year that started on March 21. After a dozen sessions, representatives of workers, employers and the government agreed to increase last year’s (March 2017-18) minimum wage from 9.29 million rials (about $185.8) to 11.14 million rials ($222.8) this year. 


Subscribe to the Financial Tribune to continue reading this article or Log in to your account if you are already a subscriber.

Find out more about our subsciption plans here.

Short URL : https://goo.gl/whCaet
  1. https://goo.gl/afGDBs
  • https://goo.gl/Prposg
  • https://goo.gl/Gea9yW
  • https://goo.gl/DRBKkG
  • https://goo.gl/ULq4Je

You can also read ...

CBI Outlines Top Priorities
The governor of the Central Bank of Iran, who took the reins...
Non-Oil Trade Value With Egypt Tops 80%
Iran traded 298,616 tons of non-oil commodities worth $128.23...
Colza Production Breaks 30-Year Record
Colza production in Iran since the beginning of the current...
Interest Rate Growth Gathers Pace
Two major banks have been allowed by the Central Bank of Iran...
IKCO to Deliver Presold Peugeot 2008 SUVs
Extending apologies for the prolonged delay in the delivery of...
Domestic Shoe Industry Hit by Raw Material Shortage
Domestic shoe production has declined by over 70%, the head of...
Rail Exports From Qom to CIS Grow 29%
More than 3,403 tons of goods were exported via railroads from...
Infrastructure Gets 10% of National Budget
As little as 10% of the national budget, i.e. less than 400...

Add new comment