Business | Economy
Egypt could raise public sector pay
Egypt's government is looking at a significant rise in public sector salaries and has no more plans at the moment for steps to tame inflation, its Trade and Industry Minister Rachid Mohammad Rachid said on Tuesday.
- Reuters
- Published: 00:17 April 16, 2008
New Delhi: Egypt's government is looking at a significant rise in public sector salaries and has no more plans at the moment for steps to tame inflation, its Trade and Industry Minister Rachid Mohammad Rachid said on Tuesday.
Egypt's urban consumer inflation soared to its highest rate in over three years in March as food prices jumped, and it has faced a wave of labour protests over wages culminating in a riot last week in the textile town of Mahalla Al Kubra.
"What we are looking at now is a significant increase in salaries for the government, and pensions schemes," Rachid, who is leading a business delegation to India, said.
Asked about textile workers' salaries, he said: "No. We are looking at an overall increase of salaries."
Share this article
Popular in Business
-
XPRESS
Way to go this DSF
A fun-filled route to guide you to all the happening dos in town
Business Editor's choice
-
The brains behind campaigns
Chief executives likely to be guided more by bankers and consultants
-
Leaders blast Britain's green departure tax
UK government pulls out of UN body ahead of Copenhagen summit
-
Emirates could buy more aircraft
Airline plans new routes, expects demand to increase
