ISLAMABAD: Minister for Finance and Revenue Hammad Azhar has emphasised the need to rationalise salaries, pensions, allowances, and perks by removing anomalies to ensure equity, adding the current model of disbursements of pay and pension is not sustainable. The Finance Minister stated this, on Monday, during a meeting with Chairperson, Pay and Pension Commission, Nargis Sethi, who called on him.
The finance secretary also attended the meeting.
The chairperson, Pay and Pension Commission, briefed the Finance Minister about the working of Commission to streamline the existing Pay and Pension structure as per mandate.
She updated the Finance Minister about the consultative process being followed to ensure all stakeholders were 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 stressed to find a way forward which was 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 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.
The Finance Minister stated that the Pay and Pension Commission had a very challenging task ahead as the federal and provincial government employees were looking forward with great hope towards the recommendations of the Commission.
Copyright Business Recorder, 2021