Close Menu
World Economist – Global Markets, Finance & Economic Insights
  • Home
  • Economist Impact
    • Economist Intelligence
    • Finance & Economics
  • Business
  • Asia
  • China
  • Europe
  • Economy
  • USA
    • Middle East & Africa
    • Highlights
  • This week
  • World Economy
    • World News
What's Hot

Taiwan adds Huawei, SMIC to trade blacklist amid escalating US-China tech rivalry

June 15, 2025

Will Sara Duterte revive her dad’s softer China stance if she wins 2028 Philippines vote?

June 15, 2025

Up to 10,000 Pogo-linked foreigners remain in Philippines, criticisms mount over inaction

June 15, 2025
Facebook X (Twitter) Instagram
Sunday, June 15
Facebook X (Twitter) Instagram
World Economist – Global Markets, Finance & Economic Insights
  • Home
  • Economist Impact
    • Economist Intelligence
    • Finance & Economics
  • Business
  • Asia
  • China
  • Europe
  • Economy
  • USA
    • Middle East & Africa
    • Highlights
  • This week
  • World Economy
    • World News
World Economist – Global Markets, Finance & Economic Insights
Home » Existing railway pension policy unsustainable, Senate body told – Pakistan
Economist Impact

Existing railway pension policy unsustainable, Senate body told – Pakistan

adminBy adminMarch 4, 2025No Comments3 Mins Read
Share Facebook Twitter Pinterest Copy Link LinkedIn Tumblr Email VKontakte Telegram
Share
Facebook Twitter Pinterest Email Copy Link
Post Views: 53


ISLAMABAD: The existing Pakistan Railways pension policy, which was formulated a decade back, is financially unsustainable, the Senate Standing Committee on Railways was informed on Monday.

During the review of budgetary allocations by the parliamentary committee, the Inspector General of Railway Police proposed the introduction of a contributory pension system to alleviate financial pressure on the government.

The committee expressed concern over contractual recruitments, emphasising the need for transparency and merit-based appointments.

When a senator highlighted the importance of converting contractual positions to regular employment, the railway secretary informed the parliamentary committee that the department had 58,000 positions against the required workforce of 95,000.

Committee seeks report on budget utilisation, progress on railway projects

The committee sought explanations regarding incomplete railway projects and questioned the repeated revision of PC-1 for ML-1, which resulted in a significant cost escalation.

Concerns were also raised over non-utilisation of funds, particularly in the Thar coal project.

The railway secretary assured the senators that all ongoing projects would be completed by the end of fiscal year 2024-25.

The committee directed the ministry to provide a comprehensive report on budget utilisation and the progress of railway projects in the next meeting.

Chairman of the Senate standing committee Jam Saifullah Khan sought a detailed report on the recent transfers within Pakistan Railways in the next meeting.

The committee reaffirmed its commitment to addressing key issues in Pakistan Railways and directed the ministry to submit detailed reports to the committee on regularisation of contractual employees, adoption of a sustainable pension policy, timely recruitment of railway police personnel, enhanced security measures at railway stations and critical infrastructure, and efficient utilisation of budgetary allocations.

The committee recommended examining international recruitment model for railways police to develop a more viable system for railway employees and law enforcement personnel.

Senator Shahadat Awan reiterated the urgent need for additional railway police personnel, highlighting a shortage of 3,000 staff members and inadequate security equipment.

The committee directed the secretary that the recruitment of railway police personnel be completed before Eid, with another 1,000 posts to be advertised before the end of the financial year.

Moreover, it was emphasised that all railway bridges and tracks be placed under strict security surveillance.

The committee stressed the necessity of modern security gadgets, including scanners, walkthrough gates, metal detectors, and explosive detectors, to enhance public safety.

The Senate committee asked the ministry to prioritise the installation of such equipment at the top 20 railway stations across Pakistan.

Published in Dawn, March 4th, 2025



Source link

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email Telegram Copy Link
admin
  • Website

Related Posts

Economist Impact

PSX hits all-time high as proposed ‘neutral-to-positive’ budget well-received by investors – Business

June 11, 2025
Economist Impact

Sindh govt to allocate funds for EV taxis, scooters in provincial budget: minister – Pakistan

June 11, 2025
Economist Impact

US, China reach deal to ease export curbs, keep tariff truce alive – World

June 11, 2025
Economist Impact

Budget lacks steps to cure economic ills, complain industry leaders – Business

June 11, 2025
Economist Impact

Rs200bn relief unveiled in major tariff overhaul – Business

June 11, 2025
Economist Impact

Budget 2025-26: FM Aurangzeb acknowledges pain, calls budget ‘foundation’ for Pakistan’s future – Business

June 11, 2025
Add A Comment
Leave A Reply Cancel Reply

Editors Picks

Dar says steps under way to enhance financial ties with Turkiye – Business & Finance

June 14, 2025

Sindh sets record with Rs1trn development budget for FY26 – Business & Finance

June 14, 2025

Rs3.45trn Sindh budget unveiled – Business & Finance

June 14, 2025

VPS Rules, 2005: SECP invites comments on proposed amendments – Business & Finance

June 14, 2025
Latest Posts

PSX hits all-time high as proposed ‘neutral-to-positive’ budget well-received by investors – Business

June 11, 2025

Sindh govt to allocate funds for EV taxis, scooters in provincial budget: minister – Pakistan

June 11, 2025

US, China reach deal to ease export curbs, keep tariff truce alive – World

June 11, 2025

Subscribe to News

Subscribe to our newsletter and never miss our latest news

Subscribe my Newsletter for New Posts & tips Let's stay updated!

Recent Posts

  • Taiwan adds Huawei, SMIC to trade blacklist amid escalating US-China tech rivalry
  • Will Sara Duterte revive her dad’s softer China stance if she wins 2028 Philippines vote?
  • Up to 10,000 Pogo-linked foreigners remain in Philippines, criticisms mount over inaction
  • South Korea’s radical drone carrier concept enters race for maritime power projection
  • Gen Z’s ‘emotional consumption’ fuels surge in consumer stocks as investors dump old names

Recent Comments

No comments to show.

Welcome to World-Economist.com, your trusted source for in-depth analysis, expert insights, and the latest news on global finance and economics. Our mission is to provide readers with accurate, data-driven reports that shape the understanding of economic trends worldwide.

Latest Posts

Taiwan adds Huawei, SMIC to trade blacklist amid escalating US-China tech rivalry

June 15, 2025

Will Sara Duterte revive her dad’s softer China stance if she wins 2028 Philippines vote?

June 15, 2025

Up to 10,000 Pogo-linked foreigners remain in Philippines, criticisms mount over inaction

June 15, 2025

Subscribe to Updates

Subscribe to our newsletter and never miss our latest news

Subscribe my Newsletter for New Posts & tips Let's stay updated!

Archives

  • June 2025
  • May 2025
  • April 2025
  • March 2025
  • February 2025
  • January 2025
  • December 2024
  • June 2024
  • October 2022
  • March 2022
  • July 2021
  • February 2021
  • January 2021
  • November 2019
  • April 2011
  • January 2011
  • December 2007
  • July 2007

Categories

  • AI & Tech
  • Asia
  • Banking
  • Business
  • Business
  • China
  • Climate
  • Computing
  • Economist Impact
  • Economist Intelligence
  • Economy
  • Editor's Choice
  • Europe
  • Europe
  • Featured
  • Featured Business
  • Featured Climate
  • Featured Health
  • Featured Science & Tech
  • Featured Travel
  • Finance & Economics
  • Health
  • Highlights
  • Markets
  • Middle East
  • Middle East & Africa
  • Middle East News
  • Most Viewed News
  • News Highlights
  • Other News
  • Politics
  • Russia
  • Science
  • Science & Tech
  • Social
  • Space Science
  • Sports
  • Sports Roundup
  • Tech
  • This week
  • Top Featured
  • Travel
  • Trending Posts
  • Ukraine Conflict
  • Uncategorized
  • US Politics
  • USA
  • World
  • World & Politics
  • World Economy
  • World News
© 2025 world-economist. Designed by world-economist.
  • Home
  • About Us
  • Advertise With Us
  • Contact Us
  • DMCA
  • Privacy Policy
  • Terms & Conditions

Type above and press Enter to search. Press Esc to cancel.