Adviser on Finance expresses govt’s commitment to strengthen Islamic finance industry 

English Official News

Islamabad, December 01, 2021 (PPI-OT):Adviser to Prime Minister on Finance and Revenue Shaukat Tarin has underscored the need for rationalizing the salaries, allowances and perks of employees on the basis of performance and quality work. Addressing a virtual meeting of the Pay and Pension Commission, he said the current model for pay and pension is not sustainable and suggested for adoption of internationally accepted practices in pensions.

He stressed for removal of anomalies in basic pay structure and suggested a uniform basic pay structure for all organizations. The Adviser said performance of employees may be assessed on the basis of setting targets and Key Performance Indicators and simultaneously best performers may be compensated with rewards. Head of the Pay and Pension Commission Zafar Ahmed Khan assured the meeting that the Commission will come up to the expectations of the government and present an actionable set of recommendations for rationalizing the pays of public servants.

Meanwhile, virtually addressing the 10th Islamic Finance Expo and Conference, Adviser on Finance Shaukat Tarin expressed the government’s commitment to strengthen the Islamic finance industry in the country. He said the involvement of academia and practitioners is vital for continued progress and advancements in the Islamic financial system. The Adviser noted that innovations in the use of Islamic Financial Instruments can go a long way in supporting the Sustainable Development Goals.

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