Federal Minister for Finance and Revenue held a meeting with the Adviser to the Prime Minister on Establishment Muhammad Shahzad Arbab at the Finance Division today. SAPM on Finance and Revenue Dr. Waqar Masood, Secretary Finance Division and Deputy Chairman Planning were also present during the meeting.
Members of the Prime Minister’s Reforms Team made a detailed presentation on “Concept of Performance Agreement” regarding working of Federal Ministries and Divisions.
The Performance Agreement underlines the key objectives, goals and benchmarks to be achieved by a concerned Ministry / Division during the financial year. The Performance Agreements for the FY / 2020-21 have been introduced to enable Ministries to set key targets and measure performance against them effectively.
Adviser to the PM on Establishment stated that the Government must be given due credit for introducing the concept of performance evaluation. The said system promotes sense of ownership among the Ministers and Secretaries to ensure smooth service delivery in their respective Ministries / Division / Departments / Organizations.
The Finance Minister commended the efforts of the Adviser to the PM and his team and urged to apply the concept of Performance Agreements to all the Ministries across the board. He also stressed the importance of conducting quarterly reviews and requisite follow-ups to gauge performance on regular basis. This will help a Ministry / Division to evaluate its performance for meeting annual goals / benchmarks effectively.
