LAHORE - The National Engineering Services of Pakistan has curtailed overall expenses by at least 30 per cent by adopting several austerity measures, saving around Rs.1 billion of the company in one year.

Managing Director Amjad A Khan said that foreign visits has been reduced by 50 per cent, besides cutting salaries of advisors by 30 per cent and lowering the internal expenses, leading to abrupt drop in expenses of the firm by around 30 percent saving almost Rs.1 billion annually.

The Managing Director, one year agro, had slapped ban on purchase of new vehicles and withdrawn the additional fuel facility, provided to vice presidents and divisional heads without board approval.

A pre-audit cell was also established to ensure that all purchases are made in accordance with rules. The number of vehicles taken on rent was curtailed and measures were taken to keep tabs on unnecessary foreign visits. The medical committee was reconstituted in an attempt to control health-related expenditures. “Now the staff of government-owned company, which generates its own income, is getting salary on time. Moreover, funds equal to the salary of more than five months are lying in account of the Nespak, which is very rare case.”

The largest engineering consultancy firm, for the first time in history, has completed its employees’ annual assessment of 2013-14 well in time, as on July 2, 2014 all promotions were announced as per the written criteria. Earlier the promotions usually were made late in Sept or October, spreading despair among the staff, as the promotion committees used to work slowly. It is to be noted that federal minister Kh Asif, state minister Abid Sher Ali and secretary water and power are taking keen interest in affairs of Nespak and monitoring the performance of the institution.  The largest engineering consultancy has set record of business acquisition in the year FY 2013-14 by earning revenue of Rs. 7.6 billion, as the company also made extensive penetration in the overseas market and now about 35 percent revenue is being generated from international projects through its offices located in Oman, Saudi Arabia, State of Qatar, Afghanistan, Iran and Yemen.