Dhaka, Oct. 19 -- The Ministry of Finance has approved a five percent house rent allowance (minimum Tk 2,000) for the teachers and employees of non-government educational institutions under the Monthly Pay Order (MPO) scheme.

The ministry's Finance Division issued a letter to the secretaries of the Secondary and Higher Education Division and the Technical and Madrasa Education Division on Sunday, outlining six conditions for implementation.

The new allowance will take effect from November 1. It specifies that the house rent must be adjusted according to the next national pay scale and that no arrears will be paid.

Currently, MPO-listed teachers and employees receive Tk 1,000 as house rent. Earlier, the Finance Division had agreed to ra...