New Policy Enforces Remuneration Restriction for Government Officers on Corporate Boards-Notification

F .No.2(1)R-4/2004-Pt                                                                                                 Islamabad, the 10^th July, 2024

OFFICE MEMORANDUM

Subject:            RESTRICTION ON THE REMUNERATION RECEIVED BY GOVERNMENT OFFICERS FROM BOARD MEETING

The undersigned is directed to refer to Cabinet decision No. 172/21/2024 dated 12.06.2024 and to say that the government servants appointed to the Board of Companies/Organizations and who become entitled to fee shall only be allowed to retain remuneration to a maximum of Rs. 1.0 million (Rupees one million only) in a financial year. Any amount in access of Rs. 1.0 million (Rupees one million only) so received shall be deposited by the officer in the government treasury and record of the same shall be promptly provided to the administration wing of the respective Ministry/Division.

2.                     The above orders shall be implemented with immediate effect.

Section Officer (R-4)