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70% MoIB officers to retire at grade 19 | The Express Tribune

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70% MoIB officers to retire at grade 19 | The Express Tribune



ISLAMABAD:

What could be discouraging for any profession, over 70% of officers of Pakistan’s Information Service Group are expected to retire at the mid pay grade of 19 despite spending over three decades in service, underscoring the urgent need to review the service structure, reveals an internal official analysis.

Due to the narrow pyramid at the top, all current grade-17 and grade-18 officers of the Information Service Group will never reach grade 20 unless the civil service structure is reviewed, according to an assessment prepared by the Ministry of Information for the purpose of career progression of its backbone – the officers.

The situation has become particularly dire in the face of new challenges, including the growing need to build a credible state narrative to counter fake narratives, mostly peddled through unregulated social media.

Despite a normal career ladder stretching across six pay scales, from grade 17 to the highest scale of 22, the careers of three out of four civil servants end at the mid-stage due to structural bottlenecks that block promotions beyond grade 19 in most cases, the analysis showed.

Not a single one of the 135 officers currently serving in basic pay scale 17 is expected to reach even the medium ladder of grade 20 despite serving well over three decades in the service, according to the details. In addition, around 74 officers currently in grade 18 are also likely to retire in grade 19 after more than 30 years of service.

More than 50 officers of grade 19 may reach grade 20 but are expected to retire at that level without any chance of promotion to the next basic pay scale. “Careers are ending earlier than the official service rules suggest,” said a Ministry of Information official.

The Information Service Group is also facing discrimination compared to other service groups. To address similar issues in more powerful groups, the government has created posts of special secretaries in certain ministries to expand the pyramid at the top.

Last month, the government constituted a career progression committee to comprehensively review promotion bottlenecks arising from cadre strength, post distribution and structural imbalances, and to recommend legally sustainable measures to rectify the situation. Press Information Officer Mobashir Hasan is heading the 12-member committee, which has been given three months to submit its recommendations.

During the first meeting of the committee held last week, it was proposed to expand the pyramid at the top rather than freezing new inductions into the group. It was discussed that the heads of the Press Information Department, External Publicity Wing and Digital Communication Department should be upgraded to grade 22 instead of grade 21.

The cadre progression committee also discussed the creation of Strategic Communication Cells in 15 ministries, including the Ministry of Finance, Federal Board of Revenue, Election Commission of Pakistan and Ministry of Interior, with up to five sanctioned positions each, as part of efforts to address communication gaps and expand the pyramid It was observed that the existing cadre strength was insufficient to cater to the federal government’s publicity and narrative-building needs. Cadre expansion was seen as the most viable option to meet the growing demand for government communication while also addressing promotion-related issues.

However, the committee underscored that any cadre expansion should be strictly need-based and should not contradict the government’s policy of not further expanding the size of the civil service.

Despite austerity measures, the government has in the recent past opened new departments and procured vehicles beyond entitlements, measures considered more costly than adding a few positions in the information group. Prime Minister Shehbaz Sharif has also constituted a committee for civil service reforms, but no tangible results have so far been achieved.

The government is struggling to implement a comprehensive set of civil service reforms, as the process is often exploited by powerful service groups. As a result, there is a growing tendency among officers of other services to either leave the public sector or attempt to join dominant groups such as the Pakistan Administrative Service or the Foreign Service.

The International Monetary Fund (IMF) has also included civil service reform in its proposed measures to improve governance and mitigate corruption. However, the IMF has largely focused on asset declarations of civil servants, while overlooking service delivery issues that could be addressed by resolving genuine career progression problems.

Civil service reform “operationalises public asset declaration and risk-based verification for senior civil servants through legal amendments, digital systems and coordinated verification mechanisms,” according to the IMF’s governance report. It added that limited transparency and verification of asset declarations increase the risks of undetected illicit enrichment, conflicts of interest, policy capture and rent-seeking, while eroding public trust and investor confidence, according to the IMF report.

It has been observed that the Information Service Group has faced persistent promotion-related challenges due to a mismatch between cadre strength and the availability of promotional posts, particularly at mid-career levels of basic pay scales 19 and 20. The situation has been exacerbated by large inductions in certain batches, blocking promotions beyond grades 19 and 20.

As a result, dozens of officers remain stuck in their existing grades due to a lack of vacancies in higher pay scales, adversely affecting morale and efficiency within the Information Service Group.



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FM Sitharaman rules out roadmap for PSU bank mergers, panel to review sector reforms – The Times of India

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FM Sitharaman rules out roadmap for PSU bank mergers, panel to review sector reforms – The Times of India


The government currently has no roadmap for mergers among public sector banks, Finance Minister Nirmala Sitharaman said, indicating that consolidation is not under active consideration even as a new banking reform panel is set to review the sector’s future.“I am not familiar with any roadmap…there isn’t one,” Sitharaman said in a media briefing after her post-Budget customary address to the Board of the Reserve Bank of India, PTI reported.She clarified that bank consolidation was neither discussed during Budget preparations nor raised in recent deliberations, though the proposed High-Level Committee on Banking for Viksit Bharat will examine all aspects related to strengthening the banking ecosystem.“Bank consolidation was not a subject here, nor was it a subject before the Budget, but the Committee, which is now being appointed, once the terms of reference are given, they will look into every aspect of how to strengthen Indian banking,” she said.In the Union Budget 2026-27, Sitharaman proposed setting up a ‘High Level Committee on Banking for Viksit Bharat’ to comprehensively review India’s banking sector and align it with the country’s growth goals while safeguarding financial stability, inclusion and consumer protection.“I propose setting up a ‘High Level Committee on Banking for Viksit Bharat’ to comprehensively review the sector and align it with India’s next phase of growth, while safeguarding financial stability, inclusion and consumer protection,” she had said in the Budget speech on February 1.The committee is expected to draw up a blueprint aimed at creating mega lenders capable of meeting the financing needs of a developed India.As part of broader financial sector reforms, the Budget also proposed restructuring Power Finance Corporation (PFC) and Rural Electrification Corporation (REC) to achieve scale and improve efficiency in public sector NBFCs. REC is a subsidiary of state-owned power sector lender PFC, and both institutions play a key role in financing power generation, transmission and distribution projects.In March 2019, PFC completed the acquisition of a majority stake in REC Ltd by transferring Rs 14,500 crore to the government. PFC acquired 103.94 crore shares, representing a 52.63 per cent stake, along with management control, at Rs 139.50 per share following approval from the Cabinet Committee on Economic Affairs.Commenting on the banking sector’s health, RBI Governor Sanjay Malhotra said banks are adequately capitalised and capable of sustaining credit growth for the next four to five years, supporting the economy’s financing needs.He added that deposit growth is now keeping pace with credit expansion.On moderation in net foreign direct investment (FDI), Malhotra said gross FDI inflows have continued to rise.Last year, he said, “It increased by about 14-15 per cent. Even this year, gross FDI has increased, and the growth rate is also high. It’s because of repatriations of those people who had done earlier FDI. It has gone out. The net (FDI) has decreased”.Similarly, he said Indian companies are increasingly investing overseas as domestic economic measures have strengthened confidence, which has also contributed to lower net FDI levels.



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Trump vows higher tariffs on countries that ‘play games’ with existing trade deals

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Trump vows higher tariffs on countries that ‘play games’ with existing trade deals


On the day that Trump announced the IEEPA tariffs last April, the tariffs on his products went from zero to 30%, Smeaton told BBC Radio 4’s Today programme. Afterwards, they went up to 100%, then 145%, and eventually a rate of 30% was paid. This later changed to 20% and, for a few hours on Friday after the ruling, it was zero again, then up to 10%, and on Saturday, 15%.



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Eli Lilly launches new form of obesity drug Zepbound with a month’s worth of doses in one pen

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Eli Lilly launches new form of obesity drug Zepbound with a month’s worth of doses in one pen


An Eli Lilly & Co. Zepbound injection pen arranged in the Brooklyn borough of New York on March 28, 2024.

Shelby Knowles | Bloomberg | Getty Images

Eli Lilly on Monday launched a new form of its blockbuster obesity drug, Zepbound, that offers a month’s worth of doses in a single pen.

Cash-paying patients can get the multi-dose device, called KwikPen, on the company’s direct-to-consumer website, LillyDirect. Prices start at $299 per month for the lowest dose level. 

The pen could serve as a more convenient option for some patients, as it reduces the number of devices they have to use in a month to take the drug. Patients can use one pen to take four weekly doses of Zepbound. 

Currently, patients on the treatment use a different single-dose autoinjector device each week. Lilly also offers single-dose vials of Zepbound, which requires users to draw the medication into a syringe and inject themselves. 

The announcement comes as Lilly works to sustain the early success of Zepbound, which has exploded in demand since it first entered the market in late 2023. LillyDirect has been key to Zepbound’s growth, and rolling out a new form of the drug on the platform could attract even more patients. 

The torrid growth of Zepbound has helped Eli Lilly seize a majority share of the weight-loss drug market from rival Novo Nordisk. In the company’s fourth quarter, Zepbound brought in $4.2 billion in U.S. revenue, a 122% spike from the previous year.

In a release, Lilly said the Food and Drug Administration approved a label expansion for Zepbound to include the multi-dose device.

The KwikPen is already used for other drugs, such as Lilly’s popular diabetes medication, Mounjaro. 

“As part of our commitment to supporting people living with obesity in their weight management journey, we are introducing a new option with the Zepbound KwikPen, a device trusted by patients globally and in the United States for other Lilly medicines,” said Ilya Yuffa, the president of Lilly USA and Global Customer Capabilities, in the release. 



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