960408

Early formation

of pay commission

for banks

demanded

ISLAMABAD: The Habib Bank Officers Federation (HBOF) has demanded formation of the pay commission of banks and financial institutions for year 1995-96.

A leader of the federation, Rafiq Taheem in a statement also demanded removing of ban on the promotion of bank officers for the year 1995-96.

He appealed to the Prime Minister, Minister of State for Finance Shahabuddin, Special Assistance on Economic Affairs Shahid Hasan Khan and Advisor on Economic Affairs, V.A. Jafarey to remove the existing imbalance between the pay of the officers of nationalised and private banks.

He pointed out that the pay commission has not yet been announced despite the Nationalisation Act 1974 which, he said provides that the commission will be set up after every three years. He also called putting an end to the discrimination between the salary and other privileges of officers and clerks. He called for giving marriage grant, 100 percent house rent, provision of bonus to the HBL officers like ABL and MCB.-PPI