Tarin directs overhaul of pay and pension system

Published May 8, 2021
ISLAMABAD: Finance Minister Shaukat Tarin and Pay and Pension Commission chairperson Ms Nargis Sethi discuss measures to streamline the prevailing system of emoluments on Friday. — APP
ISLAMABAD: Finance Minister Shaukat Tarin and Pay and Pension Commission chairperson Ms Nargis Sethi discuss measures to streamline the prevailing system of emoluments on Friday. — APP

ISLAMABAD: Federal Minister for Finance and Revenue Shaukat Tarin on Friday directed the Pay and Pension Commission (PPC) to chalk out short, medium and long-term plans for reformation of the pay and pension system in the public sector over a period of time.

During a meeting with the PPC Chairperson Nargis Sethi, the finance minister appreciated efforts made by the commission for streamlining the prevailing system of emoluments based on principles of equity, fairness and transparency.

Special Assistant to Prime Minister on Finance and Revenue, Dr Waqar Masood Khan and Secretary Finance Division were also present during the meeting.

The minister said that there was no short-term solution to this problem, adding that the end goal was to make the government ‘an employer of choice’ for the talented youth.

He said there was an increased need to work out ranges for linking compensation with performance, which he said would ensure meritocracy in recruitment and result in improved service delivery in the public sector.

The minister noted that there was a pressing need to rationalise existing workforce and adhere to a performance-driven compensation system for smooth transition to e-governance.

He affirmed full support and facilitation to the PPC on the occasion.

Earlier, Ms Sethi briefed the minister about the working of the commission to streamline the existing pay and pension structure.

She outlined the working of sub-groups under the commission which have been assigned different tasks to identify distortions in the existing system of disbursement of pay and pensions of the government officers in federal, provincial and other allied departments and organisations.

The chairperson also apprised the finance minister about challenges in the way of harmonisation of pay and pension system across the country, which included disparity in allowances, perks and other benefits as well as burgeoning expenditure of the pensions on national exchequer which is not sustainable in the long run.

Published in Dawn, May 8th, 2021

Follow Dawn Business on Twitter, LinkedIn, Instagram and Facebook for insights on business, finance and tech from Pakistan and across the world.

Opinion

Editorial

A turbulent 2023
Updated 12 May, 2024

A turbulent 2023

Govt must ensure judiciary's independence, respect for democratic processes, and protection for all citizens against abuse of power.
A moral victory
12 May, 2024

A moral victory

AS the UN General Assembly overwhelmingly voted on Friday in favour of granting Palestine greater rights at the...
Hope after defeat
12 May, 2024

Hope after defeat

ON Saturday, having fallen behind Japan in the first quarter of the Sultan Azlan Shah Cup final, Pakistan showed...
Taxing pensions
Updated 11 May, 2024

Taxing pensions

Tax reforms have failed to deliver because of distortions created by the FBR bureaucracy through SROs, apparently for personal gains.
Orwellian slide
11 May, 2024

Orwellian slide

IN recent years, Pakistan has made several attempts at introducing an overarching mechanism through which to check...
Terror against girls
11 May, 2024

Terror against girls

ONCE again, the ogre of terrorism is seeking the sacrifice of schoolgirls. On Wednesday, just days after the...