Saifullah Sani
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The Nawaz Sharif-led government has approved reforms in the pension system and the new system will be implemented immediately after Eidul Fitr in the entire country.
The prime minister directed Finance Minister Ishaq Dar to resolve the problems of the pensioners on an emergency basis, present the relevant report and provide optimum facilities to them so that their time might not be wasted in pursuit of pension from the AGPR or other organisations.
He also issued directives to evolve a system to obtain pension from all the commercial banks and in addition, facilitate them to receive pension fromthe Smart Cards.
For implementing the directives of the prime minister, a high-level meeting was held under the chairmanship of Finance Minister Ishaq Dar on Thursday. In the meeting, a sub-committee was formed and it was asked to give its recommendations in three weeks.In this committee, Federal Finance Secretary Dr Waqar Masood, Additional Secretary of Regulation Wing of the Finance Ministry, Haq Nawaz, Controller General Accounts Farah Tareen and other officials were included.
This committee will present its final recommendations to the finance minister regarding the new pension system till July 31, 2014 and approval will be sought from the premier in this regard.
The finance minister said in the meeting that no negligence or delay in implementing the directives of the prime minister would be tolerated.He said that the next day after retirement of a government employee, his account would be converted into Bank Pension Account or would be cancelled.The minister said that the relevant ministry, division or department would be asked to finalise the pension case till the day of retirement of the government employee.
New revolutionary pension system after Eidul Fitr - thenews.com.pk
The prime minister directed Finance Minister Ishaq Dar to resolve the problems of the pensioners on an emergency basis, present the relevant report and provide optimum facilities to them so that their time might not be wasted in pursuit of pension from the AGPR or other organisations.
He also issued directives to evolve a system to obtain pension from all the commercial banks and in addition, facilitate them to receive pension fromthe Smart Cards.
For implementing the directives of the prime minister, a high-level meeting was held under the chairmanship of Finance Minister Ishaq Dar on Thursday. In the meeting, a sub-committee was formed and it was asked to give its recommendations in three weeks.In this committee, Federal Finance Secretary Dr Waqar Masood, Additional Secretary of Regulation Wing of the Finance Ministry, Haq Nawaz, Controller General Accounts Farah Tareen and other officials were included.
This committee will present its final recommendations to the finance minister regarding the new pension system till July 31, 2014 and approval will be sought from the premier in this regard.
The finance minister said in the meeting that no negligence or delay in implementing the directives of the prime minister would be tolerated.He said that the next day after retirement of a government employee, his account would be converted into Bank Pension Account or would be cancelled.The minister said that the relevant ministry, division or department would be asked to finalise the pension case till the day of retirement of the government employee.
New revolutionary pension system after Eidul Fitr - thenews.com.pk
