Author: arshad

Payment of Pension through All Scheduled Banks -AG 04.09.2023On September 4, 2023, the Auditor General of Pakistan issued a significant directive concerning the payment of pensions. This new order, outlined in letter No. Pen-UCoordil/Bank/45, addresses issues related to pension disbursement methods and emphasizes compliance with established banking procedures. The directive mandates that pension payments must be made exclusively through scheduled banks and outlines the necessary steps to ensure adherence to this policy. This article explores the details of the directive, its implications, and the best practices for ensuring compliance.Overview of the September 4, 2023, DirectiveThe directive issued on September 4,…

Observance of Financial Discipline During Month of February 2024 dt 22.02.2024

Maintenance of Risk Register of SAP Authorization – AG 09.08.2023On August 9, 2023, the Auditor General of Punjab issued a crucial directive concerning the maintenance of a Risk Register for SAP Authorization. This directive underscores the importance of systematic monitoring and documentation of risks associated with additional authorizations in the SAP system. In this article, we will explore the key aspects of the directive, its implications for SAP users, and best practices for maintaining an effective Risk Register.Understanding the Directive on Risk Register MaintenanceThe directive issued on August 9, 2023, provides detailed instructions for the maintenance of a Risk Register…

Payments of Lapsed Deposits C03801 – 20.11.2023

Transfer Posting of officers officials in South Punjab Secretariat – S&GAD 03.08.2023

Implementation of Pension CTS Workflow – AG 14.09.2023On September 14, 2023, a significant milestone was achieved in the pension administration sector with the implementation of the Pension CTS (Centralized Transfer System) Workflow. This advancement marks a pivotal moment for organizations and stakeholders involved in managing pension schemes. In this article, we will explore what the Pension CTS Workflow entails, its benefits, the process of its implementation, and the impacts it is expected to have on pension administration.What is the Pension CTS Workflow?The Pension CTS Workflow is a comprehensive system designed to streamline and centralize the transfer of pension funds and…

Pension Increase 2023 – 5% – 18.07.2023

Executive Allowance 21.09.2023

Pension Increases 2023 – Federal 05.07.2023

Observance of Budget Position in Leave Encashment and Financial Assistance through off-cycle – AG 16.06.2023On June 16, 2023, the Accountant General Punjab issued a significant directive regarding the management of budget positions related to leave encashment and financial assistance through off-cycle payments. This directive, which came with a tone of serious concern, addressed critical issues related to budgetary compliance and highlighted the need for stringent adherence to standard operating procedures (SOPs). This article explores the essence of the Accountant General’s directive, its implications for financial management, and the steps necessary for compliance.The Accountant General’s DirectiveIn the notice issued on June…