Departments

Finance Department, Departments, Federal, News, Notifications, Pension-Pay & Allowances

Revision Of Basic Pay Scales And Allowances Of Civil Employees Of Federal Government-2007

admin / September 29, 2023

GOVERNMENT OF PAKISTANFINANCE DIVISION(Regulations Wing) No.F.1(1)/Imp/2007 Islamabad, the 13th July, 2007 OFFICE MEMORANDUM Subject: REVISION OF BASIC PAY SCALES AND ALLOWANCES OF CIVIL EMPLOYEES OF FEDERAL GOVERNMENT (2007) The President has been pleased to sanction 15% increase in pay w.e.f. 1st July, 2007 for the civil employees of the Federal Government, paid from the civil estimates and from the Defence estimates. The existing pay Scales have accordingly been revised as detailed in the following paragraphs:- PART.I – BASIC PAY SCALES 2. Revised Basic Pay Scales. The Revised Basic Pay Scales, 2007 shall replace the existing Basic Pay Scales, 2005 as shown in the Annex to this O.M. 3. Fixation of Pay of the existing employees: (i) The basic pay of an employee in service as on 30.6.2007 shall be fixed in the Revised Basic Pay Scale on point to point basis i.e. at the stage corresponding to that occupied by him above the minimum of 2005 Basic Pay Scales. (ii) In case of Personal Pay being drawn by an employee as part of his basic pay beyond the maximum of his scales on 30-06-2007 he will continue to draw such pay in the Revised Basic Pay Scales, 2007 at the revised rates. 4. Annual Increment: Annual increment shall continue to be admissible subject to the existing conditions, on 1st of December each year. PART.II – ALLOWANCES 5. Special Additional Allowance, Special Relief Allowance and Adhoc Relief: The Special Additional Allowance, Special Relief Allowance and Adhoc Relief shall continue to be admissible at frozen level on existing conditions. 6. Dearness Allowance; Dearness Allowance @ 15% sanctioned w.e.f. 01-07-2006 shall stand frozen at the level of its admissibility as on 30-06-2007 and the amount shall continue to be admissible to the entitled recipients until further orders but it will not be admissible to new entrants joining Government service on or after 01-07-2007. 7. All existing rules/orders on the subject shall be deemed to have been modified to the extent indicated above. All existing rules/orders not so modified shall continue to be in force under this scheme. Sr. Joint Secretary (Regs.) ANNEX TO FINANCE DIVISION’S O.M. NO. F.1(1) IMP/2007, DATED 13TH JULY, 2007. EXISTING BASIC PAY SCALES, 2005 REVISED BASIC PAY SCALES, 2007 BPS MIN INCR MAX STAGES MIN INCR MAX STAGES 1 2150 65 4100 30 2475 75 4725 30 2 2200 75 4450 30 2530 85 5080 30 3 2275 85 4825 30 2615 100 5615 30 4 2345 100 5345 30 2700 115 6150 30 5 2415 115 5865 30 2780 135 6830 30 6 2485 125 6235 30 2860 145 7210 30 7 2555 140 6755 30 2940 160 7740 30 8 2655 150 7155 30 3055 175 8305 30 9 2770 165 7720 30 3185 190 8885 30 10 2865 185 8415 30 3295 215 9745 30 11 2980 200 8980 30 3430 230 10330 30 12 3155 225 9905 30 3630 260 11430 30 13 3365 245 10715 30 3870 285 12420 30 14 3565 275 11815 30 4100 315 13550 30 15 3780 305 12930 30 4350 350 14850 30 16 4375 340 14575 30 5050 390 16750 30 17 7140 535 17840 20 8210 615 20510 20 18 9355 675 22855 20 10760 775 26260 20 19 14260 705 28360 20 16400 810 32600 20 20 16915 1095 32245 14 19455 1260 37095 14 21 18750 1230 35970 14 21565 1415 41375 14 22 20055 1440 40215 14 23065 1655 46235 14

Pension, Departments, Family Pension, Federal, Finance Department, News, Notifications, Pension-Pay & Allowances

Grant Of Increase In Pension To Civil Pensioners Of The Federal Government As Well As Retired Armed Forces Personnel-2007

admin / September 28, 2023

GOVERNMENT OF PAKISTANFINANCE DIVISION(Regulations Wing) No.F.4(2)-Reg.6/2007 Islamabad, the 13th July, 2007 OFFICE MEMORANDUM Subject: GRANT OF INCREASE IN PENSION TO CIVIL PENSIONERS OF THE FEDERAL GOVERNMENT AS WELL AS RETIRED ARMED FORCES PERSONNEL The President has been pleased to sanction an increase in pension with effect from 1st July, 2007 to civil pensioners of the Federal Government including civilians paid from Defence Estimates as well as retired Armed Forces Personnel at the following rates: (i) Pensioners who retired prior to 01.07.1997 20% (ii) Pensioners who retired between 01-07-1997 to 30-06-2007 15% 2. For the purpose of admissibility of increase in pension sanctioned in this O.M. the term ‘Pension’ means ‘Pension being drawn’. 3. The increase will also be admissible on family pension granted under the Pension-cum-Gratuity Scheme, 1954, Liberalized Pension Rules, 1977, on pension sanctioned under the Central Civil Services (Extra Ordinary Pension) Rules as well as on the Compassionate Allowance under CSR-353. 4. If the gross pension sanctioned by the Federal Government is shared with any Government in accordance with the rules laid down in part-IV of Appendix III to the Accounts Code, Volume-It the amount of the increase in pension will be apportioned between the Federal Government and the other Government concerned on proportionate basis. 5. The increase In pension sanctioned in this O.M. will not be admissible on Special Additional Pension allowed in lieu of pre-retirement Orderly Allowance. 6. In case of re-employed pensioners, the increase in pension sanctioned in this Office Memorandum shall not be admissible to them during the period of their re-employment. 7. The benefit of Increase in pension sanctioned in this O.M. will also be admissible to those Civil Pensioners of the Federal Government who are residing abroad (other than those residing in India and Bangladesh) who retired on or after 15.08.1947 and are not entitled to, or are not in receipt of pension increase under the British Government’s Pension (increases) Acts. The payment will be made at the applicable rate of exchange. Deputy Secretary (Reg-III)

Federal, Departments, Finance Department, News, Notifications

Upgradation Of Clerical /Auditors Posts

admin / September 28, 2023

GOVERNMENT OF PAKISTANFINANCE DIVISION(Regulations Wing) No.F.6(4)R.1/2006. Islamabad, the 29th June, 2007 OFFICE MEMORANDUM Subject: UPGRADATION OF CLERICAL /AUDITORS POSTS The President has been pleased to approve the up-gradation of the following clerical/Auditors posts as detailed below w.e.f. 01-07-2007:- action. Sl. No. Name of the Post Existing BPS Up-graded BPS 1. Lower Division Clerk (LDC/Junior Clerk) BPS-5 BPS-7 2. Junior Auditor BPS-5 BPS-7 3. Upper Division Clerk (UDC/Senior Clerk) BPS-7 BPS-9 4. Assistant/Head Clerk BPS-11 BPS-14 5. Senior Auditor BPS-11 BPS-14 The incumbents of the up-graded posts will also stand upgraded and their pay will be fixed at the stage next above their basic pay in their lower pay scales. 2. The President has also been pleased to approve that employees from BPS 1 to 4 would move one scale up in the pay scales w.e.f. 1st July, 2007. 3. The Establishment Division will amend the recruitment rules of the ministerial post, whereas amendments in the recruitment rules of other posts timed at Para 1 above shall be made by the concerned Ministries / Divisions / Departments in consultation with the Establishment Division. 4. As a special dispensation, the annual increment falling due on 1st December, 2007 shall by admissible to the above mentioned employees in the upgraded pay scales. Deputy Secretary (R.I)

Federal, Departments, Finance Department, News, Notifications, Pension-Pay & Allowances

Removal Of Anomalies-Pay Scales 2005

admin / September 28, 2023

GOVERNMENT OF PAKISTANFINANCE DIVISION(Regulations Wing) No. F.1(6)/Imp/2005 Islamabad, the 13th October, 2006 OFFICE MEMORANDUM Subject: REMOVAL OF ANOMALIES The undersigned is directed to say that subsequent to the introduction of the revised basic pay scales scheme. 2005 vide Finance Division’s O.M. No.F.1(1)Imp/2005, dated 1.7.2005, certain anomalies were referred to the Anomaly Committee, The Committee examined the anomalies in detail and gave recommendations. In the light or these recommendations, the following decisions, clarifications are issued for guidance necessary action. ANOMALIES CLARIFICATIONS Benefit of Annual increment on notional basis. Previously in the basic pay scales scheme, 2001, the benefit of annual increment on notional basis was allowed in fixing pay of moved over Government servants in their original scale by extending the stages of the relevant scale but this benefit has not been catered for in case of those Government servants who were holding original scale of the post. Such Government servants are stuck up at the maximum of their respective scale and are accordingly losing the benefit of usual annual increments as well as corresponding increase in pay scales from time to time. All those Government servants who exhausted/ may exhaust the relevant pay scales may be allowed the benefit of annual increment beyond the existing scope of the pay scales w.e,f, 1.12.2005. There will be no presumptive benefit on account of the aforesaid increment prior to 1.12.2005, therefore, no arrears shall be allowed prior to this date. The increment may be treated as personal pay subject to the condition that the employee concerned has put in 6 months or more service as counts for an annual increment unless withheld under the rules. The amount of the personal pay may not be reduced but treated as part of the pay scale of the concerned government servant for the purpose of fixation of pay, pension and recovery of house rent etc. Admissibility of Special Additional Allowance Special Relief Allowance and Ad-hoc Relief to Govt. Servants on their repatriation from foreign posting: During the tenure of posting abroad, the Government servants are not allowed usual allowances of the post admissible in Pakistan for the reason that they are allowed Foreign Allowance. On repatriation from foreign posting such Govt. servants are allowed the pay and allowances of the posts which would have been admissible to them had they not been pasted abroad. Despite this admissibility the benefit of the ad-hoc increase i.e. Special Additional Allowance, Special Relief Allowance and Ad-hoc Relief at frozen level has not been extended to the said category of Govt. servants for the reason that prior to their posting abroad they were not the recipients of these allowances and before their repatriation, these allowances were discontinued under the revised basics pay scales scheme, 2001 and 2005 respectively. This has caused a disparity to the extent that the said category of Government servants are at disadvantageous position in terms of the salary/emoluments as compared to their counterparts. The entitlement of the government servants for these allowances was barred only for the tenure of their foreign posting. It has, therefore, been decided that on repatriation from foreign posting of the government servants. the benefit on may henceforth be allowed at frozen level which henceforth be allowed at frozen level which would have been admissible to them had they not been posted abroad. 3. Deputation Special Pay: On posting to Ministries/Divisions/ Departments, the officers of Pakistan Audit and Accounts Services were allowed Deputation Special Pay @ 20% of the minimum of the pay scale whereas on deputation to Foreign Service in Pakistan, Deputation Allowance @ 20% of minimum of the pay scale was admissible to all deputationists. In 1994 the position was reviewed and the Deputation Special Pay was converted into Deputation Allowance with a saving provision that those Govt. servants who were already getting Deputation Special Pay would continue to draw the same as “Deputation Pay” rill their reversion from their deputation or retirement from service while on deputation. Subsequently, the converted Deputation Allowance has been revised from time to time and this allowance is presently admissible @ 20% of basic pay subject to maximum Rs.6000/- p.m. But “Deputation Special Pay” (defunct) has not been revised. Resultantly the beneficiaries of Deputation Special Pay are continuing to draw the same at the rate and amount as admissible prior to its conversion in 1994. This amount is very nominal as compared to deputation allowance, which caused a disparity. Consequent upon conversion into allowance, the erstwhile deputation special pay had become defunct which cannot be treated parallel to deputation allowance. Therefore, it cannot be revived/revised, However, the entitled beneficiaries of the defunct Deputation Special Pay can avail the benefit of Deputation Allowance subject to their option to be exercised in writing latest by 31st December, 2006. Section Officer (Imp)

Pension, Departments, Federal, Finance Department, News, Notifications

Grant Of Increase In Pension To Civil Pensioners Of The Federal Government As Well As Retired Armed Forces Personnel

admin / September 28, 2023

GOVERNMENT OF PAKISTANFINANCE DIVISION(Regulations Wing) No.F.4(3)Reg.6/2006. Islamabad, the 30th June, 2006 OFFICE MEMORANDUM Subject: GRANT OF INCREASE IN PENSION TO CIVIL PENSIONERS OF THE FEDERAL GOVERNMENT AS WELL AS RETIRED ARMED FORCES PERSONNEL The President has been pleased to sanction an increase in pension with effect from 1st July, 2006 to civil pensioners of the Federal Government including civilians paid from Defence Estimates as well as retired Armed Forces Personnel at the following rates: 2. This increase in pension will also be admissible to those Government servants who would retire after 30.06.2006. 3. For the purpose of admissibility of increase in pension sanctioned in this O.M. the term ‘Pension’ means ‘Pension being drawn’. 4. The increase will also be admissible on family pension granted under the Pension-cum-Gratuity Scheme, 1954, Liberalized Pension Rules, 1911, on pension sanctioned under the Central Civil Services (Extra Ordinary Pension) Rules as well as on the Compassionate Allowance under CSR-353. 5. If the gross pension sanctioned by the Federal Government is shared with any Government in accordance with the rules laid down in part-IV of Appendix III to the Accounts Code, Volume-I, the amount of the increase in pension will be apportioned between the Federal Government and the other Government concerned on proportionate basis. 6. In case of re-employed pensioners, the increase in pension sanctioned in this Office Memorandum shall not be admissible to them during the period of their reemployment. 7. The benefit of increase in pension sanctioned in this O.M. will also be admissible to those Civil Pensioners of the Federal Government who are residing abroad (other than those residing in India and Bangladesh) who retired on or after 15.08.1947 and are not entitled to, or are not in receipt of pension increase under the British Government’s Pension (increases) Acts. The payment will be made at the applicable rate of exchange. Section Officer (Reg.)

Pension-Pay & Allowances, All Other Allowances, Departments, Federal, Finance Department, News, Notifications

Overtime Allowance To The Staff Car Drivers And Dispatch Rider

admin / September 28, 2023

GOVERNMENT OF PAKISTANFINANCE DIVISION(Regulations Wing) No.F.4(1)Reg.5/2006 Islamabad, the 26th June, 2006 OFFICE MEMORANDUM Subject: OVERTIME ALLOWANCE TO THE STAFF CAR DRIVERS AND DISPATCH RIDER The undersigned is directed to refer to Finance Division’s O.M. No 4(3) Reg.5/2002-243 dated 7th August, 2004 on the subject noted above and to state that it has been decided to enhance the overtime allowance admissible to staff car drivers/dispatch riders from Rs.10/-per hour to Rs.15/-per hour subject to a maximum limit of Rs.90/-per day, w.e.f. 01-7-2006. The existing condition that the overtime allowance to staff car drivers / dispatch riders will only be paid if it has been verified by the officer concerned will continue to apply. Deputy Secretary (Pension)

Pension-Pay & Allowances, All Other Allowances, Departments, Federal, Finance Department, News, Notifications

Conveyance Charges For Late Sitting After Office Hours

admin / September 28, 2023

GOVERNMENT OF PAKISTANFINANCE DIVISION(Regulations Wing) No.F.1(4)/Imp/2006 Islamabad, the 24th June, 2006 OFFICE MEMORANDUM Subject: CONVEYANCE CHARGES FOR LATE SITTING AFTER OFFICE HOURS. The undersigned is directed to refer to Finance Division’s O.M No.F.3(1)-R.5/2002 dated 2nd July 2002 on the subject noted above and to state that it has been decided to revise the existing rates of conveyance charges for late sitting after office hours w.e.f. 01-07-2006 as under:- ON WORKING DAYS Existing Rate Revised Rate For officials in BS 1-2 Rs.8.00/- per day Rs.12.00/- per day For officials in BS 3-15 and BS-16 (Non-gazetted) Rs.10.00/- per day Rs. I5.00/- per day ON CLOSED HOLIDAYS Existing Rate Revised Rate For officials in BS 1-2 Rs.10.00/- per day Rs.15.00/- per day For officials in BS 3-15 and BS-16 (Non-gazetted) Rs. 12.00/– per day Rs. 1 8.00/- per day 2. All other existing conditions regulating the grant of conveyance charges on account of late sitting will, however, remain unchanged. Deputy Secretary (Pension)

Adhoc Relief Allowance, Departments, Federal, Finance Department, News, Notifications, Pension-Pay & Allowances

Grant Of Dearness Allowance @ 15% Basic Pay 2006

admin / September 28, 2023

GOVERNMENT OF PAKISTANFINANCE DIVISION(REGULATIONS WING) No.F.1(4)/Imp/2006 Islamabad, the 24th June, 2006 OFFICE MEMORANDUM Subject: GRANT OF DEARNESS ALLOWANCE @ 15% BASIC PAY. The President has been pleased to sanction with effect from 1st July, 2006 and till further orders a Dearness Allowance @ 15% of the basic pay p.m. to all the civil servants in BPS-1 to 22 of the Federal Government as well as the civilians paid from Defence Estimates including contingent paid stall”, contract employees employed against civil posts in Basic Pay Scales on standard terms and conditions of contract appointment and to all the Armed Forces Personnel/Civil Armed Forces Personnel. 2. The amount of this Dearness Allowance; 3. The above Dearness Allowance should be accommodated within the budgetary allocation for the year 2006-2007 by the respective Ministries/Divisions/ Departments and no supplementary grants would be given on this account. Deputy Secretary(R.II)

Pension-Pay & Allowances, Departments, Federal, Finance Department, News, Notifications

Revision Of Basic Pay Scales, Allowances And Pension Of Civil Employees Of Federal Government (2005)

admin / September 28, 2023

GOVERNMENT OF PAKISTANFINANCE DIVISION(REGULATIONS WING) No.F.1(1)/Imp/2005 Islamabad, the 1st July, 2005 OFFICE MEMORANDUM Subject: REVISION OF BASIC PAY SCALES, ALLOWANCES AND PENSION OF CIVIL EMPLOYEES OF FEDERAL GOVERNMENT (2005). The President has been pleased to sanction the revision of Basic Pay Scales, Allowances and Pension w.e.f. 1st July, 2005, for the civil employees of the Federal Government, paid from the civil estimates and from the Defence estimates as detailed in the following paragraphs:- PART.I – BASIC PAY SCALES 2. Revised Basic Pay Scales. The revised Basic Pay Scales, 2005 shall replace the existing Basic Pay Scales, 2001 as shown in Annex to this O.M. 3. Fixation of Pay of the existing employees: (i) The basic pay of an employee in service on 30.6.2005 shall be fixed in the Revised Basic Pay Scale on point to point basis i.e. at the stage corresponding to that occupied by him above the minimum of 2001 Basic Pay Scales. (ii) The corresponding stage for fixation of basic pay in the aforesaid manner in respect of an employee whose pay was fixed beyond the maximum of the relevant scale as a result of discontinuation of move over policy under the 2001 Basic Pay Scales scheme shall be determined on notional extension basis i.e. by treating the amount of personal pay drawn by him on 30th June, 2005, as part of his basic pay scale and the amount beyond the maximum of the prescribed stage in the revised Basic Pay Scales shall be allowed as personal pay. 4. Annual Increment: Annual increment shall continue to be admissible subject to the existing conditions, on 1st of December each year. PART.II – ALLOWANCES 5. Special Additional Allowance: Special Additional Allowance shall continue to be admissible at frozen level on existing conditions. 6. Special Relief Allowance and Adhoc Relief: Special Relief Allowance and Adhoc Relief sanctioned w.e.f. 1.7.2003 and 1.7.2004 respectively shall stand frozen at the level of their admissibility as on 30.6.2005 and the amount shall continue to be admissible to the entitled recipients until further orders but it will cease to be admissible to new entrants joining Government service on or after 1.7.2005 as well as to those employees to whom it was ceased to be admissible under the existing conditions. 7. House Rent Allowance: House Rent Allowance shall be admissible with reference to the Revised Basic Pay Scales, 2005 subject to the existing conditions. 8. Medical Allowance: Medical Allowance shall be admissible @ Rs.425/- p.m. subject to the existing conditions. 9. Conveyance Allowance: (a) Conveyance Allowance shall be admissible on revised rates as follows: BPS RATES (RS. PM) BPS 1-4 340 BPS 5-10 460 BPS 11-15 680 BPS 16-20 1240 (b) Conveyance Allowance @Rs.1240/- per month shall also be admissible to those BPS 21 & 22 officers who are not sanctioned official vehicle. 10. Other Special Pays/Special Allowances: The rates of Special Pays and Special Allowances shall be revised as detailed below:- (i) Entertainment Allowance Existing Revised BPS-19 Nil Rs.500/-P.M BPS-20 Rs.450/-P.M Rs.600/-P.M BPS-21 Rs.525/-P.M Rs.700/-P.M BPS-22 Rs.725/-P.M Rs.975/-P.M. (ii) Daily Allowance Existing Revised Ordinary Special Ordinary Special BPS-1-4 80/- 110/- 125 /- 200/ BPS-5-11 100/- 120/- 155/- 220/- BPS-12-16 180/- 200/- 280/- 365/- BPS-17-18 320/- 350/- 500/- 640/- BPS-19-20 400/- 450/- 625/- 825/- BPS-21-22 450/- 550/- 700/- 1000/- Presently special rates are allowed at 15 specified stations/cities. The Special rates shall also be allowed at Muzaffarabad & Mirpur AJ&K. (iii) Transportation/Mileage Allowance Existing Revised Transportation i) Motor Car Rs.1.20/- per. k.m. Rs.2/- per k.m. ii) Motor Cycle/Scooter Rs.0.40/- per k.m. Rs.1/- per k.m. Mileage Allowance i) Personal Car/Taxi Rs.3/- per k.m. Rs.5/- per k.m. ii) Motor Cycle/Scooter Rs.1/- per k.m. Rs.2/- per k.m. iii) Bicycle/Animal back/ foot Rs.0.75/- per k.m. Rs.1/- per k.m. iv) Public Transport Rs.0.30/- per k.m. (BPS-6 and below). Rs.0.50 per k.m. (BPS 7 and above) Rs.1/- per k.m. Rs.1/- per k.m. Travel by Air Govt. servants in BPS-17 and those in receipt of pay of Rs.5400 and above. Govt. servants in BPS-17 and above. Carriage of Personal effects on Transfer/ Retirement Paisa 0.148 per k.m. per k.g. (or 2.96 paisa per k.m. per unit of 20 k.gs). Rs.0.008 per k.m. per k.g. (iv) Qualification Pay Existing Revised SAS Accountant Rs.200/-P.M Rs.400/-P.M Part-III(ICMA/ICWA) Rs.300/-P.M Rs.400/-P.M ICMA/ICWA Rs.800/-P.M Rs.1200/-P.M Chartered Accountant Rs.800/-P.M Rs.1300/-P.M Staff College/NDC Rs.750/-P.M Rs.1000/-P.M Advanced Course in NIPA Rs.200/-P.M Rs.500/-P.M (v) Senior Post Allowance Existing Revised BPS-20 Rs.850/-P.M Rs.1100/-P.M BPS-21 Rs.925/-P.M Rs.1200/-P.M BPS-22 Rs.1200/-P.M Rs.1600/-P.M. (vi) Deputation/Addl. Charge Allowance/Special Pay on Current Charge Existing Revised Deputation Allowance/ Special Allowance on Additional Charge/ Special Pay on Current Charge. @ 20% of the minimum of Basic Pay/Basic Pay subject to maximum of Rs.2000/- p.m. @ 20% of the Basic Pay subject to maximum of Rs.6000/- p.m. (vii) Uniform Allowance Existing Revised Nurses upto BPS-16 Rs.150/-P.M Rs.300/-P.M (viii) Anti Terrorist Squad Allowance Existing Revised Upto BPS-15 Rs.150/-P.M Rs.300/-P.M BPS-16 Rs.200/-P.M Rs.400/-P.M BPS-17 Rs.250/-P.M. RS.500/-P.M BPS-18 Rs.300/-P.M Rs.600/-P.M (ix) PSP Uniform Allowance Existing Revised Rs.250/-P.M Rs.1200/-P.M (x) Night Duty Allowance Existing Revised For Assistants/Clerks Rs.8/-per night Rs.10/-per night Drivers/DRs Rs.4/-per night Rs.5/-per night Naib Qasids Rs.3.50/-per night Rs.5/-per night (xi) Special Pay to PSs/PAs Existing Revised PS to Minster Rs.375/- P.M Rs.500/-P.M PS to Secretary Rs.300/- P.M Rs.400/-P.M PS to Additional Secretary Rs.225/- P.M Rs.300/-P.M PA to Minister/ Secretary/Additional Secretary/Senior. Joint Secretary Rs.150/- P.M Rs.200/-P.M PA to Joint Secretary Rs.120/- P.M Rs.160/-P.M (xii) Instructional Allowance Existing Revised 20% of the Basic Pay subject to maximum of Rs.2000/- per month (i) 20% of the Basic Pay subject to maximum of Rs.5000/-per month to those Instructors imparting in service training to BPS 17 and above officers. (ii) 20% of the Basic Pay subject to maximum of Rs.3000/-per month to those Instructors imparting in service training to employees up to BPS.16. (xiii) Washing Allowance for Police Force Existing Revised Rs.50/- p.m. Rs.100/- p.m. (xiv) Contingent Allowances The following

Finance Department, Departments, Federal, News, Notifications

Deposit Of Working Balances And Investment Of Surplus Funds Belonging To Public Sector Enterprises And Local/ Autonomous Bodies Under Federal Government

admin / September 28, 2023

GOVERNMENT OF PAKISTANFINANCE DIVISION(BUDGET WING) No.F.4(1)/2002-BR.II Islamabad, the 2nd July, 2003 OFFICE MEMORANDUM Subject: DEPOSIT OF WORKING BALANCES AND INVESTMENT OF SURPLUS FUNDS BELONGING TO PUBLIC SECTOR ENTERPRISES AND LOCAL/ AUTONOMOUS BODIES UNDER FEDERAL GOVERNMENT: The undersigned is directed to issue the following consolidated instructions for depositing working balances as well investment of surplus funds of the public sector enterprises and local/autonomous bodies. These instructions supersede all previous instructions issued from time to time in this regard. 2. As a part of its programme for further development of the financial sector, the Government is pursuing actively a policy of privatizing public sector banks and creating an even playing field for public and private sector financial institutions. In view of this, it has been decided to revise the policy on banking facilities for public sector enterprises and local/autonomous bodies. Working Balances: 3. Under the new policy, public sector enterprises and local/autonomous bodies can deposit their working balances required for their operations with any public or private bank subject to the following requirements: (a) For the sake of the safety and security of deposits, the bank/financial institutions taking a deposit should have a minimum “A” rating (long-term) as appearing on the web-site of the State Bank of Pakistan. This “A” rating refers to the rating scale used by Pakistan Credit Rating Agency and JCR-VIS Credit Rating Company for banks incorporated in Pakistan and Moody’s, Fitch’s and Standard & Poor’s rating for foreign banks operating in Pakistan. Rating scales of other agencies acceptable to the State Bank should be equivalent to the rating of the above mentioned companies. Information and clarification on this matter may be obtained from Banking Policy Department of the State Bank of Pakistan; (b) The process of selection of bank/(s) should be transparent. Therefore, prior to placing deposits with a bank under this new policy, and in case the total working balances exceed Rs.10 million, the selection of the bank/(s) as well as the terms of 2 deposits will be approved by the concerned Board of Directors/Governing Body on the basis of competitive bids from at least three independent banks; (c) The risk associated with keeping deposits should be diversified. Therefore, in cases where total working balance of an enterprise exceeds Rs.10 million, not more than 50% of such balance shall be kept with one bank; (d) In case the rating of the deposit taking bank drops below “A”, the concerned enterprise/local/autonomous body will shift new deposits within a period of one month and old deposits within a period of two months to a bank/(s) with at least “A” rating; (e) The working balance limit of each organization should be determined with the approval of the administrative ministry in consultation with Finance Division. The account of this working balance may be maintained in a current or savings bank account. Surplus Funds: 4. It has been decided to allow the public sector entities to invest their surplus funds in the non-government securities/TFCs/shares also, upto a maximum of 20% of the total funds under management. This relaxation will not be available to public sector enterprises/autonomous bodies that have statutory restrictions on their investing in non-government securities. Corporate entities, which receive support from the current budget, are also excluded from the policy. Public sector entities, which are holding trust funds such as pension funds, benevolent funds or insurance funds, will devise their investment policies through their own Boards. 5. Eligibility criteria of non-government investment instruments will be as follows: (a) Non-government debt instruments should have a major rating category of A and above; (b) Public listed shares/units should have a total return comprising the dividend paid and appreciation in value, which exceeds the average six months Treasury Bill rate for the last three years. The formula for the calculation of the total return would be provided by the Securities and Exchange Commission of Pakistan (SECP) from time to time; (c) Initial Public Offerings (IPOs) of shares of existing companies should have a track record of three year profitability at least equal to the average of twenty best performing companies on Karachi Stock Exchange; (d) Total investment in debt instrument of a company not to exceed 10% of size of the issue or 10% of the total size of funds managed by the public sector entity, whichever is lower; (e) Total investment in the shares of a company not to exceed 5% of the paid up capital of that company or 5% of the total funds managed by the public sector entity, whichever is lower; (f) Investment in shares of Greenfield projects/companies will not be eligible. 6. Before making any investment under this policy, it would be necessary for public sector entities to set up in-house professional treasury management functions. Specifically, they would need to have an Investment Committee (IC) with defined investment approval authority. Transactions above the approval authority of the IC will be subject to approval of the Board of Directors or an equivalent forum. The IC should be assisted by an Investment Management Unit employing qualified staff with at least 3-5 years of experience of managing investment in debt/equity instruments. However, it will be necessary for public sector enterprises to use the services of professional fund managers approved by SECP. 7. The Principal Accounting Officer of the ministry concerned will be responsible for the implementation of the above instructions regarding the PSEs/local/autonomous bodies under his control. The Chief Executive of PSE/Local/Autonomous body will be required to issue a certificate on annually basis that the above instructions are being followed in respect of the working balance and surplus funds of the organization. 8. All the PSEs/local/autonomous bodies under your administrative control may please be directed to keep their working balances and invest their surplus funds in accordance with the above mentioned policy instructions. 9. This issues with the approval of the Finance Secretary. Asstt. Economic Adviser (BR.II) GOVERNMENT OF PAKISTANFINANCE DIVISION(BUDGET

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Revision Of Basic Pay Scales And Allowances Of Civil Employees Of Federal Government-2007

Grant Of Increase In Pension To Civil Pensioners Of The Federal Government As Well As Retired Armed Forces Personnel-2007

Upgradation Of Clerical /Auditors Posts

Removal Of Anomalies-Pay Scales 2005

Grant Of Increase In Pension To Civil Pensioners Of The Federal Government As Well As Retired Armed Forces Personnel

Overtime Allowance To The Staff Car Drivers And Dispatch Rider

Conveyance Charges For Late Sitting After Office Hours

Grant Of Dearness Allowance @ 15% Basic Pay 2006

Revision Of Basic Pay Scales, Allowances And Pension Of Civil Employees Of Federal Government (2005)

Deposit Of Working Balances And Investment Of Surplus Funds Belonging To Public Sector Enterprises And Local/ Autonomous Bodies Under Federal Government

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