AGL 38.50 Decreased By ▼ -0.06 (-0.16%)
AIRLINK 211.99 Increased By ▲ 4.22 (2.03%)
BOP 9.90 Decreased By ▼ -0.16 (-1.59%)
CNERGY 6.65 Decreased By ▼ -0.43 (-6.07%)
DCL 9.59 Decreased By ▼ -0.40 (-4%)
DFML 40.15 Decreased By ▼ -0.99 (-2.41%)
DGKC 100.00 Decreased By ▼ -3.46 (-3.34%)
FCCL 35.20 Decreased By ▼ -1.15 (-3.16%)
FFBL 87.50 Decreased By ▼ -4.09 (-4.47%)
FFL 13.97 Decreased By ▼ -0.63 (-4.32%)
HUBC 133.38 Decreased By ▼ -6.05 (-4.34%)
HUMNL 14.00 Decreased By ▼ -0.10 (-0.71%)
KEL 5.69 Decreased By ▼ -0.28 (-4.69%)
KOSM 7.49 Decreased By ▼ -0.37 (-4.71%)
MLCF 46.00 Decreased By ▼ -1.28 (-2.71%)
NBP 66.38 Decreased By ▼ -7.38 (-10.01%)
OGDC 218.50 Decreased By ▼ -4.16 (-1.87%)
PAEL 39.31 Increased By ▲ 1.20 (3.15%)
PIBTL 8.95 Decreased By ▼ -0.32 (-3.45%)
PPL 198.69 Decreased By ▼ -7.16 (-3.48%)
PRL 40.40 Increased By ▲ 0.55 (1.38%)
PTC 25.79 Decreased By ▼ -0.83 (-3.12%)
SEARL 102.00 Decreased By ▼ -8.24 (-7.47%)
TELE 9.08 Decreased By ▼ -0.15 (-1.63%)
TOMCL 36.50 Decreased By ▼ -1.71 (-4.48%)
TPLP 14.00 Increased By ▲ 0.23 (1.67%)
TREET 25.45 Decreased By ▼ -1.00 (-3.78%)
TRG 58.31 Decreased By ▼ -2.23 (-3.68%)
UNITY 33.75 Decreased By ▼ -0.39 (-1.14%)
WTL 1.72 Decreased By ▼ -0.16 (-8.51%)
BR100 11,957 Decreased By -341.5 (-2.78%)
BR30 37,521 Decreased By -1356 (-3.49%)
KSE100 111,656 Decreased By -3204.6 (-2.79%)
KSE30 35,086 Decreased By -1109.8 (-3.07%)

ISLAMABAD Adviser to the Prime Minister on Finance and Revenue Shaukat Tarin said that current model for pay and pension is not sustainable and there is need to rationalise the salaries, allowances, perks etc on the basis of performance and quality work.

The adviser said this, while addressing a virtual meeting of the Pay and Pension Commission on Tuesday.

The Commission is headed by Zafar Ahmed Khan and is composed of senior professionals from public and private sectors as well as serving federal and provincial secretaries, AJK and GB, and other senior officers of the governments also attended the meeting.

Tarin said the performance of the employees may be assessed on the basis of setting targets and the KPIs and simultaneously, best performers may be compensated with rewards.

The adviser stressed for removal of anomalies in basic pay structure and suggested uniform basic pay structure for all the organisations.

He suggested for adoption of internationally accepted practices in the matter of pensions.

The adviser emphasised that there was need to work out ranges for linking compensation with performance. This will ensure meritocracy in the recruitment and result in improved service delivery in the public sector.

The adviser further extended his full support and cooperation to the Commission.

The chairman, Pay and Pension Commission thanked the Adviser to the PM on Finance and Revenue on his keen interest and ownership of the work of Pay and Pension Commission.

He assured that the Commission will do its best to come up to the expectations of the government and would present an actionable set of recommendations to the government for rationalising the pays of the public servants.

Copyright Business Recorder, 2021

Comments

Comments are closed.