AGL 40.50 Increased By ▲ 0.47 (1.17%)
AIRLINK 134.00 Increased By ▲ 4.69 (3.63%)
BOP 6.67 Decreased By ▼ -0.13 (-1.91%)
CNERGY 4.48 Decreased By ▼ -0.16 (-3.45%)
DCL 8.74 Increased By ▲ 0.11 (1.27%)
DFML 41.25 Increased By ▲ 0.30 (0.73%)
DGKC 84.25 Decreased By ▼ -1.49 (-1.74%)
FCCL 32.25 Decreased By ▼ -0.75 (-2.27%)
FFBL 67.40 Increased By ▲ 0.87 (1.31%)
FFL 11.17 Decreased By ▼ -0.29 (-2.53%)
HUBC 108.80 Decreased By ▼ -1.78 (-1.61%)
HUMNL 14.29 Decreased By ▼ -0.34 (-2.32%)
KEL 5.23 Decreased By ▼ -0.01 (-0.19%)
KOSM 8.11 No Change ▼ 0.00 (0%)
MLCF 39.00 Decreased By ▼ -1.07 (-2.67%)
NBP 60.40 Decreased By ▼ -0.11 (-0.18%)
OGDC 194.00 Decreased By ▼ -1.47 (-0.75%)
PAEL 26.60 Decreased By ▼ -0.50 (-1.85%)
PIBTL 7.43 Decreased By ▼ -0.21 (-2.75%)
PPL 154.80 Decreased By ▼ -1.02 (-0.65%)
PRL 26.80 Decreased By ▼ -0.57 (-2.08%)
PTC 18.20 Decreased By ▼ -0.36 (-1.94%)
SEARL 84.25 Decreased By ▼ -0.85 (-1%)
TELE 8.12 Increased By ▲ 0.22 (2.78%)
TOMCL 33.87 Decreased By ▼ -1.01 (-2.9%)
TPLP 8.90 Decreased By ▼ -0.32 (-3.47%)
TREET 16.65 Decreased By ▼ -0.16 (-0.95%)
TRG 63.52 Increased By ▲ 0.66 (1.05%)
UNITY 27.55 Decreased By ▼ -0.20 (-0.72%)
WTL 1.28 Decreased By ▼ -0.02 (-1.54%)
BR100 10,142 Decreased By -42.6 (-0.42%)
BR30 31,106 Decreased By -297 (-0.95%)
KSE100 95,498 Decreased By -358.7 (-0.37%)
KSE30 29,534 Decreased By -149.1 (-0.5%)

The federal government has very magnanimously approved raise in family pension from 50% to 75%. The Ministry of Finance has already issued notification No F.2(3)Reg-6/2010-786 dated 05.07.10. This was excellent news for the widows of the government servants who were finding it difficult to meet both ends in the meagre amount of family pension so far paid to them.
To us the directive is quite clear for its application on widows who are already drawing family pension except that they are not entitled for any arrears before 01.07.10. The National Bank, Wah Cantt, however, has assumed that the raise from 50% to 75% is only applicable to those widows, who will be entitled to family pension after 01.07.10. Accordingly the bank is not willing to pay the additional amount to the widows already drawing family pension.
While we are clear about the intentions of the government, the bank has shut its eyes. We have been left with no option but to approach the Ministry of Finance through the newspaper to advise National Bank to obey its orders and help government to alleviate the poverty.

Copyright Business Recorder, 2010

Comments

Comments are closed.