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UK Government Has Increased National Minimum Wage 2024 NMW

UK Government Has Increased National Minimum Wage 2024 NMW

National Minimum Wage 2024

The UK government has increased the national minimum wage 2024. The recommendations on NLW and NMW rates have been fully accepted by the government and will come into effect from 1 April 2024. NLW and NMW rates will be applicable from April 2024.

Age NMW rate Annual increase (£) Annual increase (per cent)
National Living Wage (for those aged 21 and over) £11.44 £1.02 9.8%
21-22 Year Old Rate £11.44 £1.26 12.4%
18-20 Year Old Rate £8.60 £1.11 14.8%
16-17 Year Old Rate £6.40 £1.12 21.2%
Apprentice Rate £6.40 £1.12 21.2%
Accommodation Offset £9.99 £0.89 9.8%

Full source notes for all charts in this report are available in the data tables published with the report.

Government Has Increased The Daily Wages Rates 2023

Wages By Age

Accepting the Low Pay Commission’s recommendations this year, the government also lowered the age at which people qualify for the National Wage, from 23 to 21. This means employees aged 21 and 22 who are currently on the National Minimum Wage of £10.18 will receive a £1.26 or 12.6% rise to £11.44.

And younger workers will also get a bumper pay rise from April 2024, with 18 to 20 year-olds seeing their pay rise by 14.8% to £8.10, while 16 to 17 year-olds and apprentices A 21.2% increase to £6.40. The new rates take the NLW to two-thirds of an hour’s pay on average for those aged 21 and over.

UK Government Has Increased National Minimum Wage 2024 NMW

The Low Pay Commission (LPC) was asked to monitor and evaluate the National Living Wage (NLW) and recommend the rate which should apply from April 2024 in order to reach two-thirds of median earnings (of those eligible for the National Living Wage) by 2024, taking economic conditions into account. The government is committed to raising the age limit for the National Living Wage to 21 years and above by 2024.

 

Naan And Roti Prices In Pakistan Increased

Naan and Roti Prices Increased by Nanbai Association Pakistan

Naan and Roti Prices

The Nanbai Association has increased Naan and Roti Prices in Pakistan 2023. Roti has been increased by Rs. 5 to Rs. 25, Sada Naan has been increased from Rs. 25 to Rs. 30, Kulcha Naan has been increased from Rs. 30 to Rs. 40, After an increase of Rs 10, Paratha and Roghini Naan have now been increased to Rs 60.

Item Old Price New Price Difference
Roti 20 25 +5
Naan 25 30 +5
Kulcha Naan 30 40 +10
Pratha Naan 50 60 +10
Roghni Naan 50 60 +10

President Capital Nanbai Association says that the prices of flour and fines are increasing day by day. The government increased the rate of wheat to 4700 rupees. Now we do not expect a drop in flour prices.

Sadar Capital Nanbai Association further says that currently flour and fine sacks are available for more than 12000 rupees, from tomorrow all Nanbai’s in Islamabad will sell Naan and roti on the new rate list. The new prices will be applicable from today 21 November 2023.

Chicken, Fruit and Vegetable Rate list 

Yamaha bike on installment

Yamaha YBR125 Price Has Been Increased In Pakistan

Yamaha YBR125 Price

Yamaha chose to increase the price of one of its models. The Yamaha YBR125 Price has been increased in Pakistan, Yamaha is known for its popularity among riders, now carries a hefty price tag of Rs 17,500.

Honda CD 70 2024 Model Price In Pakistan November

This development has come as a surprise to consumers. Especially considering that Yamaha did not cut prices during the period when the Pakistani Rupee strengthened.

Yamaha YBR 125 Price In Pakistan

For those who want a thrill ride, the latest price in Pakistan till November 2023 has been increased by Rs. 17,500. The Yamaha YBR 125 price in Pakistan is Rs 452,500 by November 2023.

How To Earn Money On TikTok Videos in 2023

Συντάξεις Δεκεμβρίου: Οι δύο βασικές ημερομηνίες για τις πληρωμές

Στις 27 Νοεμβρίου ξεκινά η πληρωμή των Συντάξεις Δεκεμβρίου από τον ΕΦΚΑ, οι δύο βασικές ημερομηνίες και ποιος πληρώνεται πρώτος.

Σύμφωνα με πληροφορίες του Dnews για την ομαλή ροή των συντάξεων και για την καλύτερη εξυπηρέτηση των συνταξιούχων του ηλεκτρονικού ΕΦΚΑ, οι κύριες και επικουρικές συντάξεις για τον μήνα Δεκέμβριο 2023 του Ηλεκτρονικού Φορέα Κοινωνικής Ασφάλισης (e-EFKA) θα καταβληθούν το δύο διαφορετικές ημερομηνίες.

Την Δευτέρα 27 Νοεμβρίου 2023 καταβάλλονται τα εξής:

  1. Κύριες συντάξεις από τα πρώην ταμεία αυτοαπασχολούμενων ΟΑΕΕ, ΟΓΑ, ΕΤΑΑ,
  2. Κύριες συντάξεις που χορηγούνται από την ίδρυση του ΕΦΚΑ και μετά, με τον νόμο 4387/2016, μέσω του ΟΠΣ-ΕΦΚΑ και
  3. όλες οι επικουρικές συντάξεις του ιδιωτικού τομέα (ελεύθεροι επαγγελματίες και μισθωτοί).

Την Τετάρτη 29 Νοεμβρίου 2023 καταβάλλονται τα ακόλουθα:

  1. Κύριες συντάξεις των πρώην Ταμείων Μισθωτών [ΙΚΑ-ΕΤΑΜ, ΤΡΑΠΕΖΕΣ, ΟΤΕ, ΔΕΗ, ΛΟΙΠΑ ΕΝΕΡΓΗΤΙΚΟ (ΤΣΕΑΓΣΟ, ΤΣΠ-ΗΣΑΠ), ΝΑΤ, ΕΤΑΤ, ΕΤΑΠ-ΜΜΕ, και
  2. Κύριες και επικουρικές ΔΗΜΟΣΙΕΣ συντάξεις, που θα καταβληθούν στις 29 Νοεμβρίου 2023, ημέρα Τετάρτη.

petrol price

New Diesel and Petrol Prices In Pakistan Today – 16 November 2023

New Diesel and Petrol Prices In Pakistan

The caretaker government of Pakistan has decided to reduce the Diesel and Petrol prices in Pakistan from November 16, 2023. It has been decided to reduce the price of petrol in Pakistan by Rs 2.04 per liter. Diesel price reduced by Rs 6.47 per liter. A notification has been issued in this regard.

Product Old Price

w.e.f 01-11-2023

 New Price

w.e.f 16.11.2023

 Difference
MS Petrol 283.38 281.34 -2.04
Hi-Speed Diesel 304.05 296.71 -6.47
Kerosene (SKO) 211.03 204.98 -6.05
Light Diesel Oil 189.46 180.45 -9.01

Petroleum Price In Pakistan Today

After the reduction in the price of petrol in Pakistan by Rs 2.04, the new price has become Rs 281.34 litre. Similarly After the reduction in the price of Hi-Speed Diesel in Pakistan by Rs 6.47, the new price has become Rs 296.71 per litre. After the reduction in the price of Light Diesel Oil by Rs 9.01, the new price has become Rs 180.45 per litre. After the reduction in the price of Kerosene Oil by Rs 6.05, the new price has become Rs 204.95 per litre in Pakistan.

New Diesel and Petrol Prices In Pakistan Today - 16 November 2023

It should be noted that on November 1, the federal government had announced to maintain the prices of petroleum products. In which it was said that there will be no change in petrol and diesel prices from November 1 and the current price of petrol and diesel will remain unchanged for the next 15 days.

Prices depend on current tax rates and import prices, which are mainly due to fluctuations and increases in international oil prices.

It should be noted that the government is charging a levy of Rs 2 per liter on petroleum. Rs 55 per liter on petrol and Rs 50 per liter on high speed diesel. A possible increase in their prices may affect inflation in November.

 

petrol price

Petrol And Diesel Prices Are Likely To Cheaper From November 15

Petrol And Diesel Prices

The government has indicated the possibility of making petrol and diesel cheaper in the country. According to media reports, the prices of petrol and high-speed diesel in Pakistan may be reduced by 8 to 10 rupees per liter from November 15 due to the fall in oil prices in the global market.

Currently, the price of crude oil in the world market has decreased by 4% since July to reach the lowest level of 78 dollars per barrel. Therefore, it is expected that after the reduction in prices in the global market, the people of Pakistan will also get relief on petroleum products.

It should be noted that on November 1, the federal government had announced to maintain the prices of petroleum products. In which it was said that there will be no change in petrol and diesel prices from November 1 and the current price of petrol and diesel will remain unchanged for the next 15 days.

Expected Petrol Price In Pakistan On 1st November 2023

Petroleum Price In Pakistan Today

Currently, the price of petrol in the country is Rs 283.38 per litre. The price of high speed diesel is Rs 303.18 per litre. The price of kerosene was reduced by Rs 3.82 per liter on November 1, the new price is Rs 211.3 per litre. On November 1, the price of light diesel oil was also reduced by Rs 3.40 paise per liter after which the new price of light diesel has been fixed at Rs 189.46 per litre.

Gas Cylinder Price In Pakistan

Similarly, on November 1, the Oil and Gas Regulatory Authority announced a reduction in the price of an 11.8 kg domestic cylinder of LPG by Rs 117.47. According to the notification issued by OGRA, the price of LPG has been increased by Rs 10 per kilo from November 1, resulting in a reduction of Rs 117 in the price of a domestic cylinder and Rs 452 in the price of a commercial cylinder.

 

 

100 And 1500 Prize Bonds draw schedule has been announced

100 And 1500 Prize Bond Will Be Drawn On November 15

100 And 1500 Prize Bond

100 and 1500 prize bond draw schedule. The draw for National Prize Bonds of Rs. 1500 and Rs. 100 will be held on 15 November 2023 in Faisalabad.

According to the spokesman of the Central Directorate of National Savings, the draw of Rs 1500 prize bonds in State Bank of Pakistan Faisalabad is the 20th draw of this year and the 96th draw in total.

There are 1,696 prizes worth Rs. 30 lakhs for the first prize, Rs. 10 lakhs for the second prize and Rs. 18,500 for the third prize.

Dollar To PKR – USD strengthened against PKR

He said that a total of 1,700 prizes will be awarded on the said series of prize bonds. He said that the draw of Student Welfare Bonds worth Rs 100 will be held in Lahore on Wednesday, November 15.

The first prize will be one of 7 lakh rupees, the second prize will be three of 2 lakh rupees and the third prize will be 1199 of 1 thousand rupees.

Gold and Dollar Prices

Dollar To PKR – USD strengthened against PKR – 7 November 2023

In the domestic foreign exchange markets, the depreciation of the rupee against the dollar continues for the third week. In the interbank market, the dollar rose by 71 paise to Rs 286.

According to currency dealers, on the second day of the business week, the dollar appreciated by 71 paisa to reach the level of 286 rupees. While in the open market, the dollar became expensive by 2 rupees to 287 rupees.

According to dealers, the demand for dollars in the inter-bank market remains unchanged. Due to which the value of the dollar is increasing further. In 17 days, the dollar became expensive by 9 and a half rupees in the interbank market, and 10 rupees in the open market.

It should be remembered that according to the State Bank, on the last day of last week, the dollar closed at 280 rupees 57 paise in the interbank market. While on the last day of the week, the dollar closed at 280 rupees 57 paise in the interbank. During the last business week, the dollar appreciated by one rupee.

It should be remembered that on October 17, the price of one dollar at the interbank level reached the level of 276.83 rupees, which was the highest level in the country’s history of 307.10 rupees in early September. This was followed by a crackdown on smuggling and amendments to the regulations of exchange companies followed by a devaluation of the dollar.

However, since October 17, the value of the dollar has been continuously increasing.