The MCB Employees Foundation (MCBEF), taking note of the acute damage caused by this year's devastating floods, has earmarked Rs 5 million as relief funds for granting to the Bank's retired employees or their heirs. The funds would be claimable for loss or damage to build up residential property.
The Foundation recognises that many people living at or near riverbanks have been drastically affected by the calamity and the funds are primarily meant to offer relief to those living alongside the Indus and Panjnad rivers. Beneficiaries would receive up to Rs 20,000 in relief funds to help rebuild their damaged or destroyed home. MCB branch managers, regional heads and General Managers have been detailed the task of using their individual good offices and 'on the spot' familiarity to help access and identify potential victims.
In order to ensure that funds are received by genuine beneficiaries, local Nazims or other concerned authorities or personages would confirm ownership or heirship of the property in question. MCBEF, active since 1994, has been disbursing funds in the shape of grants, stipends and monthly allowances to retired employees and their widows and children in genuine need of financial support on account of difficult circumstances.-PR