Office-bearers of the Shaheen Labour Union in the Lahore Stock Exchange (LSE) have given a strike call for Wednesday to press the LSE management for acceptance of their demands.
The union has also sent notices of the strike to the LSE management, labour and other concerned departments.
They announced here on Monday that they would not allow any LSE employee to carry out their work.
"But we will not interrupt members, brokers and investors to go to their workplace," they clarified.
However, when no one would be allowed to work in the MIS department, there will be no trading at all, they pointed out.
They alleged that profits of exchange are passed on only to the favourites of the management while ordinary workers, who are backbone of the organisation, are ignored.
"We have presented our charter of demands to the management, which includes raise in bonus and salaries. Outgoing LSE managing-director Samir Ahmed had raised salaries of his dear one by 100 percent and now we want 115 percent raise in our salaries, besides 5 gross salaries in the shape of bonus," they said.
Reacting to the strike call, LSE managing-director Hamid Imtiazi told reporters that both sides will meet with the labour department officials on Tuesday and he was hopeful that the matter would be resolved amicably.
To a question, he said the management has received charter of demands from the union but added that irrespective of their demands the management was already serious in resolving their problems. To another query about formation of a separate index for mutual funds, the LSE managing-director said for the time being there was no need for it.
About the idea of an Islamic index and LSE-10 index conceived by the past managing-director, Imtiazi said it could be reviewed.
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