ISLAMABAD, APR 6 (DNA) – The Chairperson Pay and Pension Commission Nargis Sethi called on the Federal Minister for Finance, Revenue, Industries and Production, Hammad Azhar, at the Finance Division. The Finance Secretary also participated in the meeting.
The Chairperson Pay and Pension Commission briefed the Finance Minister about the working of the Pay and Pension Commission to streamline the existing Pay and Pension structure as per mandate of the Commission.
She updated the Finance Minister about the consultative process being followed to ensure all stakeholders are onboard in working out a financially viable solution for disbursement of Pay and Pensions. The current pension payment system is a massive burden on our economy, she added.
The Finance Minister underscored that the current model for disbursements of Pay and Pensions in not sustainable and there’s a need to rationalize salaries, pensions, allowances, perks etc by removing anomalies to ensure equity.
The Finance Minister stressed to find a way forward which is transparent, feasible and sustainable in the long run. He extended full support and facilitation to the Commission on the occasion.
The Chairperson also apprised the Finance Minister about working of sub-committees which have been assigned terms of reference to deliberate and present firmed-up proposals for harmonisation of Pay and Pension system across the country.
In his concluding remarks, the Finance Minister stated that the Pay and Pension Commission has a very challenging task ahead as the Federal and Provincial Government employees are looking forward with great hope towards the recommendations of the Commission.=DNA