PM Orders Inquiry into SECP, NEPRA Salary Hikes

PM Orders Inquiry into SECP, NEPRA Salary Hikes

| 11-Oct-2025

ISLAMABAD: Prime Minister Shehbaz Sharif has directed a comprehensive inquiry into alleged misuse of authority by senior officials of major regulatory bodies, following complaints that top management at the Securities and Exchange Commission of Pakistan (SECP), National Electric Power Regulatory Authority (NEPRA), and State Bank of Pakistan (SBP) sanctioned salary hikes and benefits without government approval.

The probe, aimed at enhancing oversight and transparency, will scrutinize the legal validity of these decisions and evaluate administrative practices across key economic regulators.

Prime Minister Sharif has established a seven-member committee to investigate the salary and allowance increases for SECP commissioners and address delays in employee payments at Pakistan Television (PTV) and Radio Pakistan.

The committee, chaired by the Prime Minister’s Adviser on Political Affairs, includes Minister of State for Finance Bilal Azhar Kayani, secretaries of the finance, cabinet, and information divisions, the director general of the Pakistan Broadcasting Corporation, and an additional secretary from the information division.

Tasked with assessing the legality and propriety of SECP’s salary decisions, the panel will also propose reforms to bolster transparency and accountability across regulatory bodies. Additionally, it will investigate delayed salaries and pensions at PTV and Radio Pakistan, alongside the financial sustainability of state media organizations. The committee is required to submit its report to the Prime Minister within two weeks.

Recent parliamentary sessions have seen lawmakers criticize conflict of interest provisions in laws governing the SECP and SBP, which permit their boards to set salaries for senior officials without government oversight. The controversy escalated following reports of SECP commissioners receiving Rs381 million in benefits and NEPRA independently revising pay for its chairperson and members.

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