Following the pay hike as announced in the budget, the Ministry of Finance on Tuesday released the updated salary sheets for the beneficiaries, which will be effective from July 16.

Finance Minister Bishnu Poudel in the budget for fiscal year 2016-17 had announced a 25 percent increment in the basic salaries of civil servants.

According to the ministry’s data, President Bidya Devi Bhandari receives the highest salary, Rs 150,450 per month followed by Vice President Nanda Bahadur Pun, Rs 108,030.