The new national minimum wage rate has increased to $5 an hour, according to Minister for Finance, Professor Biman Prasad.
Prof Prasad said the actual implementation will be taken in to two phases.
Effective from August 1, he said the national minimum wage will increase to $4.50 an hour.
“It will further increase to $5 from April 1, 2025.”
Overall sectoral, he said it will increase to $1 by April 1.