News Column

Pathos of the retire’

August 25, 2014

MAHMOOD AHMAD MINHAS - Lahore



Through your esteemed paper, I would like to draw the attention of the President and Chairman, Board of Directors of the National Bank of Pakistan to the following concern for their consideration. The Federal Government, via Ministry of Finance notification on July 2014 has sanctioned increase in pension for all its retired employees with effect from 1.7.2014.This increase is licable to all retired employees of its provincial’s government.

National Bank is an autonomous corporate body of the federal government and administered by the finance Ministry. The bank being one of the biggest financial institutions of the country, has shown remarkable achievements in all sectors and has earned profit in billions. This achievement is due to excellent guidance, planning and management of the team which deserve reciation.

Undoubtedly, the retired employees of the bank were also a part of this body, who dedicated their lives to the bank. They were expecting that the bank would announce the increase in pension, as declared by the Federal government, but despite all, the retired employees of the bank have been deprived of this increase.They are waiting for release of increase in pension by the bank management. The most affected class is the one that retired during 1999-2003. The President and Chairman of the Board of Directors are requested to immediately send instructions to increase the pension of the retired employees, with effect from 1.7.2014.


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Source: National Herald Tribune (Pakistan)


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