IESCO board to consider pay raises, honorarium and 125 electrification schemes

IESCO board to consider pay raises, honorarium and 125 electrification schemes

ISLAMABAD:  The Islamabad Electric Supply Company Limited (IESCO) Board of Directors will hold its 257th meeting on Monday, August 31, to discuss employee pay and benefits, financial matters, performance reforms and new electrification schemes.

The meeting will begin at 3pm at the IESCO Head Office in Sector G-7/4, Islamabad. Directors who cannot attend physically can participate through Zoom.

IESCO Company Secretary Moazzam Hussain issued the meeting notice. Dr Tahir Masood will chair the meeting, while CEO Engr Khalid Mahmood and representatives of the Ministry of Energy, Finance Division and Government of Punjab will attend.

The 24-point agenda includes approval of IESCO’s nine-month financial statements for the fiscal year 2025-26, ending March 2026. The Board will also assess several proposals aimed at improving the company’s financial and operational performance.

The Board will consider monetising the electricity facility for employees in BPS-17 and above. It will also review the implementation of revised Basic Pay Scales, Ad-hoc Relief Allowance-2026, Conveyance and Special Conveyance Allowances, and Disparity Reduction Allowance-2026 in line with federal government notifications.

Another key item concerns the proposed increase in pensions for federal government pensioners, which IESCO may adopt for its employees. The directors will also consider honorarium proposals for Power Division and IESCO employees in recognition of operational efficiency and improved performance.

For senior management, the meeting will review key performance indicators (KPIs) for the IESCO CEO and consider a new performance evaluation and appraisal mechanism for C-level officers. These measures aim to strengthen accountability and link senior officers’ performance with organisational targets.

The agenda also includes a proposed policy to give contract employees career progression, incentives and benefits similar to those available to regular employees. The Board will discuss the re-advertisement of the Chief Supply Chain Management Officer post and outsourcing HR/ALM services for Attock Circle.

The directors will also consider revisions to panel advocates’ fees and the lawyers’ engagement policy, along with the appointment of a legal adviser. These proposals form part of broader administrative and legal reforms at the power utility.

On the development side, IESCO will present PC-Is for 125 electrification schemes under the Prime Minister’s SDGs Achievement Programme. The proposals cover 93 schemes in Jhelum district and 32 schemes in Talagang/Chakwal, aimed at expanding electricity access in the targeted areas.

The Board will further review the rollout of the e-Ops application at Customer Facilitation Centres and consider a six-month extension for contracted experts. The digital initiative is expected to support more efficient operations and customer facilitation.

A presentation by M/s Yousuf Adil on IESCO’s tax-related issues will also form part of the meeting. The directors will additionally review progress on decisions taken during the 255th and 256th Board meetings.