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The majority of government departments and organizations adhere to the BPS System. Examples of other pay systems in Pakistan include the Special Pay Scale (SPS) and army scales, while private organizations, companies, and industries are free to devise their own pay structures, subject to the government setting a minimum salary for private ...
Employers are supposed to pay 5% of the minimum wages prescribed by the government while employees are supposed to pay 1% of the minimum wages. This contribution constitutes half of the total contribution while remaining half comes from the Government of Pakistan. Government of Pakistan contributed to this scheme till 1995 but withdrew ...
The Universal Account Number (UAN) is a 12-digit number allotted to employees who contribute to an EPF. A UAN is generated for each PF member by the EPFO. The UAN acts as an umbrella for the multiple Member IDs allotted to an individual by different establishments and remains the same throughout the lifetime of an employee.
The Government of the Punjab (Punjabi, Urdu: حکومت پنجاب) is the provincial government of the Pakistani province of the Punjab. It is based in Lahore , the provincial capital. Its powers and structure are set out in the provisions of the Constitution , in which 41 districts come under its authority and jurisdiction.
The Punjab Finance Department is a department of the Government of Punjab, Pakistan. It is responsible for supervision and control of provincial finances, preparation of provincial budget, formulation of financial rules and management of public debt. [1] It is headed by a provincial minister with the coordination of a finance secretary.
The 2023–24 Punjab, Pakistan budget on 19 June I2023, the interim government of Punjab, led by Chief Minister Mohsin Naqvi, approved a budget of the fiscal year 2023-24 for the first four months (Since there is no elected government, the caretaker government lacks the authority to approve a full-year budget. However, after the revision and ...
From April 2009 to December 2012, if you bought shares in companies when William S. Thompson, Jr. joined the board, and sold them when he left, you would have a 22.1 percent return on your investment, compared to a 67.8 percent return from the S&P 500.
The commission consists of a chairman and the members. The chairman is appointed by the President of Pakistan, at his discretion, under Article 242 (IA) of the Constitution of Pakistan (1973). The members are appointed by the president on the advice of the Prime Minister of Pakistan. The commission is assisted by the secretary, who provides a ...