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flag Pakistani Senate urges changes to laws to curb independent salary hikes by regulatory bodies.

flag The Senate Standing Committee on Finance and Revenue in Pakistan has instructed the government to amend laws to prevent regulatory bodies, including the State Bank of Pakistan and SECP, from independently increasing salaries and perks. flag Currently, only three bodies can adjust salaries without federal government approval. flag This directive follows an audit highlighting unauthorized pay hikes at SECP, leading to calls for stricter governance.

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