<Economic, Financial and Social Development Department
To catalyse an enriched future for all.
1) Socio-Economic Development
2) Public Finance and Institutional Capacity Development
3) Public-Private Partnership
4) Human Capital Strategy
Although the technical competencies of RHC deal with a wide array of developmental issues, RHC considers the following areas of utmost importance
Project Feasibility and Design
Professionals from RHC possess vast experience in developing accurate feasibility and making certain that it is followed by an effective and easy-to-implement design. The two activities go a long way in ensuring cost-effective projects, which contribute heavily in the general upheaval of the community.
Poverty and Social Impact Analysis
The consequences of one’s action play an integral part in determining the future measures and steps that one takes. Being mindful of this, RHC has an entire section devoted to analysing that effects that poverty and social problems have had on the community and how best to eliminate them.
RHC fully understands that the basic cause of all social problems is the lack of awareness and education. It is thus imperative to eradicate the root cause by encouraging education at all levels and playing an important part in this endeavor. With the help of numerous partners, RHC is bent upon increasing literacy in the region by promoting academic projects.
Health is imperative for the long-term development of a society. It plays an integral part in a community reaching its full potential. For this purpose, RHC, along with its partners, has invested heavily in health related projects globally.
Bringing in the right people to do the right job is of utmost importance for the development of any firm. At RHC, we assist you in making the right choices for the right departments.
With internal and external specialists, RHC has put into operation a team of experts that collaborates across all dimensions of the consulting group in order to addressing the more complex and pressing issues, both conceptually and technically.
RHC’s services on PFM evolved after greater demands for accountability and transparency in the changing economic environment. PFM involves the establishment of structures, mechanisms and rules that govern management of public finances keeping in view the best practices and technological advancements in the business world.
Budget Preparation and Execution
Budgetary reforms play a pivotal role within the development policy, something that reflects on the importance of effective financial management. It is important to understand the politics and economy of the country in order to introduce the budgetary reforms. The budget execution and implementation remains a significant challenge because upon its approval, the budget must be executed as planned, with appropriate management controls and well placed accountability system.
RHC has extensive experience in the design and implementations of budgetary management reforms including MTBFs and MTEFs. We have successfully implemented Planning, Budgeting and Improved Expenditure Management Systems. The objectives we set for ourselves comprise of public financial management in improving effectiveness, predictability and accountability mechanism in different layers of government, and workings with various development agencies e.g. DfID, World Bank ADB and USAID.
Revenue and Treasury
Revenue and Treasury Management is an important function that enables governments to manage debt, investments, and effective service delivery. RHC provides services which modernize the public financial management systems, remove inefficiencies, and comply with various local and international standards.
RHC’s Public Expenditure Review services are based on the main diagnostic studies that help countries establish effective and transparent mechanisms to allocate and use available public resources in a way that promotes economic growth.
Asset Management as a whole is a very diverse field and requires a sensible and careful approach. RHC considers itself as an expert in the field of Asset Management and provides valuable and priceless advice on how best to utilize and manage your fixed assets.
Through re-engineering the systems and applying international best practices and standards (IPSAS), RHC helps governments who are committed to improving public financial management, accountability, and transparency in order to facilitate public oversight and increase credibility.
Legal and Institutional Frameworks are the cornerstones of today’s organizations. By establishing a clear-cut set of rules and fully understanding what needs to be avoided and what needs to be done in legal terms, RHC provides services in understanding public finance law and assist in reviewing and drafting legislation.
bringing out the best in employees can only be done by constant training and capacity building programs. RHC has been assisting governments in their specific training programs (TNA, Training Strategy, Training Execution) in fields of PFM, HR, Procurements, M&E and IT for over two decades. RHC has successfully delivered many capacity-building projects funded by multilateral and bilateral donors.
RHC’s strong technological background uses international "best practices” for designing and implementing Integrated Financial Management Information Systems (IFMIS) and putting them into place in specific environments.
Service offerings under this head include:
This pertains the whole range of privatization advisory services from conducting (financial, accounting, operational, market due diligence) due diligences to offering transaction advisory, regulatory support and compliance and coordination services
Offerings to potential investors interested in projects being privatized include a wide range of services including target company due diligence (financial, accounting, operational, market due diligence), Financial modelling and Valuation Studies, Transaction support in corporate, regulatory and taxation matters, Regulatory compliance and coordination services (tariff petition, licenses etc.) and Negotiation support
Advice on PPP
In line with the global trend towards structuring public service projects with the participation of both public as well as the private sector, the federal and provincial governments in Pakistan are also increasing focus towards this development mode. The key here is to find just the right mix of government’s involvement and the private sector’s contribution so that the project can be optimized at all fronts i.e. for the government, the private entity and the all-important consumer.
RHC deploys the Strategic Dialogue Process, a workshop based methodology for engaging the client’s entire organization in combining its best hindsight and foresight in aligned action, employing practices that are familiar to managers and strategic planners and in the best interest of stakeholders. The Strategic Visioning Process Model provides a way to sequence and sort the practices, and acts as a tool for telling the story and making the case.
and Organization Analysis and Design
we work with clients to design and implement organizational structures that enable companies to realize their strategic vision and achieve winning business results. In this context, we offer a wide variety services such as Organization Design and Development, Business Process Re-engineering, Mergers & Acquisitions HR Integration, and Business Start-up. We believe that organization design is an integration of structure, processes, people, culture, systems and technology and that it must be supportive of the overall strategy.
HR Due Diligence
HR Due Diligence is one of our most detailed services and is aimed at valuing the contribution of manpower and HR function to the success of the business in a purchasing, outsourcing or market-testing environment. We also provide solutions regarding effective Manpower Optimization & Budgeting, and HR Policy Audit solutions.
Mercer’s Total Rewards process and analytical tools help employers develop and implement holistic strategies that reflect all the ways in which the organization delivers financial rewards to its employees; this includes pay, benefits, and career opportunities. Our Total Rewards perspective also ensures that the design and implementation of individual reward program elements considers the broader context of Total Rewards.>