ISLAMABAD: The Transparency International Pakistan has said that civil servants nominated by the government to the boards of public sector enterprises and private companies are drawing huge remunerations in addition to government salaries and urged Finance Minister Ishaq Dar to order them to deposit all such income received by them during the past five years to the exchequer.
In a letter sent to Mr Dar on Sunday, TIP Adviser Syed Adil Gilani urged him to order strict compliance with this rule in all ministries.
He said the Securities and Exchange Commission of Pakistan should amend its Corporate Governance Rules for public sector enterprises so that the directors nominated by the government were given travelling and dwelling allowances in accordance with their entitlements.
The TIP said civil servants were also nominated to the boards of hundreds of private sector listed companies on the strength of major shareholders like the HBL, Fauji Fertilisers, UBL and Hubco. It said that in some companies these directors had been drawing nearly Rs85,000 per meeting of the boards and their committees and between Rs400,000 and Rs500,000 for five to six meetings in a month.