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Government eliminates 220 NA Secretariat positions.

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3 months ago

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The implementation of the austerity plan was approved by the Senate Finance Committee.

Within the National Assembly Secretariat, the plan encompassed a thorough examination and enhancement of the procedures for identifying, removing, assigning, and advancing roles. Moreover, it makes these procedures more transparent.

The first two of the three stages that make up the cost-cutting measures’ implementation have already been finished.

An annual savings of Rs 255 million were achieved in the first phase with the elimination of 90 superfluous positions across various grades.

Further savings of more than Rs 307 million were made yearly by eliminating 130 posts in the second phase, which covered grades 1 through 19.

All of these steps combined will result in annual savings of about Rs 563 million, with an additional Rs 400 million in savings anticipated from the third phase.

The ultimate goal of saving Rs 1 billion annually was the focus of Speaker Sardar Ayaz Sadiq’s initiatives.

The National Assembly Secretariat will no longer be hiring new staff members, according per a press release released on Thursday by the Finance Committee.

A subcommittee has been established to examine the 2018 National Assembly Secretariat Employees Act and bring it into compliance with the 1973 Civil Servants Act.

These revisions aim to enhance the promotion and appointment procedures and guarantee that the Secretariat’s staffing numbers correspond to its real demands.

Additionally, the gathering was informed that the National Assembly Secretariat has established a “Ticketing and Lodging Committee,” with officials from all relevant agencies participating.

Additionally, in order to use current technology to reduce paper waste, the meeting voted to start the process of digitizing the National Assembly Secretariat.

Aside from that, Speaker Sardar Ayaz Sadiq ordered that more blocks in the Parliament Lodges be built within the allotted period.

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Irfan Siddiqui meets with the PM and informs him about the Senate performance of the parliamentary party.

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16 hours ago

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The head of the Senate’s Foreign Affairs Standing Committee and the PML-N’s parliamentary leader paid Prime Minister Muhammad Shehbaz Sharif a visit in Islamabad.

Senator Irfan Siddiqui gave the Prime Minister an update on the Parliamentary Party’s Senate performance.

Additionally, Senator Irfan Siddiqui gave the Prime Minister an update on the Senate Standing Committee on Foreign Affairs’ performance.

He complimented the Prime Minister on his outstanding efforts to bring Pakistan’s economy back on track and meet its economic objectives.

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Business

SIFC Increases Direct Foreign Investment: Investment in the Energy Sector Rises by 120%

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16 hours ago

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The Special Investment Facilitation Council is intended to help Pakistan’s energy sector attract $585.6 million in direct foreign investment in 2024–2025. The amount invested at the same time previous year was $266.3 million.

This is a notable 120% rise, mostly due to investments in gas exploration, oil, and power. Such expansion indicates heightened investor confidence and emphasizes the development potential in important areas.

The State Bank reports that foreign investment in other vital industries has increased by 48% to $771 million.

This advancement is a blatant testament to SIFC’s efficient investment procedure and quick project execution.

The purpose of the Special Investment Facilitation Council is to establish Pakistan as an investment hub by aggressively promoting regional trade and investment in the energy sector and other critical industries.

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Speaking to a press conference, Marriyum Aurangzeb says the PML-N government has restored the trust of investors.

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16 hours ago

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According to Marriyum Aurangzeb, senior Punjab minister, the PML-N government has won back the trust of investors by making strides in a number of areas, including agriculture.

Marriyum Aurangzeb, speaking at a press conference in Lahore, emphasized the Punjab government’s initiatives to bring about major changes in the province, particularly in Lahore.

Marriyum Aurangzeb stated that in order to guarantee sustainable growth, the master plan for Lahore has been completed, and plans of a similar nature are being worked on for other districts.

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