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GRANT OF DISPARITY ALLOWANCE TO IESCO EMPLOYEES

 Islamabad Electric Supply Company (IESCO) granted Disparity Reduction Allowance to it employees @ 25% of basic pay from BS-1 to BS-19.


        IESCO Board of Directors, in its 201st Meeting held on April 26, 2021, approved adoption of Finance Division O.M. F.No.14(1)R-3/2021-90 dated 3rd March, 2021 for grant of Disparity Reduction Allowance @ 25% of Basic Pay of Basic Pay Scales-2017 w.e.f. 01.03.2021 to IESCO Employees in BPS 01-19, who have never been allowed additional allowance / allowances equal to or more than 100% of the basic pay (whether frozen or not) or performance allowance subject to the following conditions: 

a) This Allowance will not be admissible to those employees who are drawing additional allowance/allowances equal to or more than 100% of the basic pay (whether frozen or otherwise):

 

b) This allowance will be frozen at the level drawn on 1st March 2021:

 

c) This Allowance will be subject to Income Tax;

 

d) This Allowance will be admissible during leave and entire period of LP.R. except during extra ordinary leave;

 

e) This Allowance will not be treated as part of emoluments for the purpose of calculation of Pension / Gratuity and recovery of House Rent

 

f) This Allowance will not be admissible to the employees during the tenure of their posting / deputation abroad;

 

g) This Allowance will be admissible to the employees on their repatriation from posting / deputation abroad at the rate and amount which would have been admissible to them, had they not been posted abroad;

 

h) This Allowance will be admissible during the period of suspension:

 

i) The term "Basic Pay" will also include the amount of Personal Pay granted on account of annual increment beyond the maximum of the existing pay scales.





 

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