The Ministry of Finance has approved an increase in house rent allowance for teachers of private educational institutions registered under the Monthly Pay Order (MPO) system. From 1 November, the allowance will be set at 7.5 per cent of the basic salary, while a retrospective payment of 15 per cent will be applicable from July.Education Secretary Rehana Parveen confirmed the decision to journalists on Tuesday.Earlier, on Sunday, the Ministry of Finance had issued a notification raising the house rent allowance for MPO-registered teachers by 5 per cent. However, the teachers, dissatisfied with the increment, continued their protests demanding a higher allowance.