Islamabad: The government has instructed the Finance ministry to carry out a study comparing salary packages of different regulators with those being offered in the private sector.
Govt is mulling to increase the salaries of the top executives of the Oil and Gas Regulatory Authority (OGRA). This matter was brought up in a meeting held on 13th July, where it was noted that there was a notable disparity in the salary packages being offered in the private-sector oil and gas industry to those compared in the public sector.
It was agreed that higher salary packages needed to be offered in order to attract the best talent. Although the govts Management Position (MP) salary packages had earlier been revised upwards, the cabinet members were of the opinion that the Finance Division should carry out an independent survey to compare the salary packages of various regulators in the market. Once it concludes its study, the finance division should share its findings with the cabinet for further deliberation, they said.
Prime minister Nawaz Sharif had wished that to ascertain the salary package of Ogra’s member oil should be put forth to the cabinet for approval. Cabinet then gave the go-ahead for the maximum pay scale of Ogra’s member oil.