ON Feb 15, 2018, the then chief justice had ruled that all banks should raise their officers’ pension. While the United Bank Limited (UBL) has been paying an increased pension to all its retirees since then, unfortunately, the same cannot be said about the Habib Bank Limited (HBL), which is in violation of Supreme Court orders.
To give a little background, all officers and assistant vice-presidents, who had completed 25 years of service and fell in the age bracket of 55 years, were retired unilaterally by the bank. I had served the bank for 28 years as AVP/RAGM, but got only peanuts in return instead of pension.
ISLAMABAD: The Broadsheet case has caused not only heavy financial loss to public kitty, sprung fresh allegations of kickbacks besides bringing a huge embarrassment for Pakistan, yet there is no.
Confusions, contradictions within govt on Broadsheet scandal
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January 19, 2021
ISLAMABAD: Broadsheet case has caused not only heavy financial loss to public kitty, sprung fresh allegations of kickbacks besides bringing huge embarrassment for Pakistan, yet there is no clue what the government is doing whether to inquire the matter, fix the responsibilities or ascertain the facts of the case.
From the government side, what the official documents of different authorities read and what its spokespersons and minister claim further the confusion and expose contradictions within the regime on this important matter.
Last Tuesday after the cabinet meeting, Minister for Information Shibli Faraz had said that an inter-ministerial committee had been formed to probe the Broadsheet scandal.
LONDON/ISLAMABAD: Pakistan’s Ministry of Foreign Affairs is planning to get into an expensive legal fight with the United Bank Limited’s UK branch for debiting nearly $29 million to the.
Pakistan set for legal tussle as Broadsheet fallout grows
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January 17, 2021
LONDON/ISLAMABAD: Pakistan’s Ministry of Foreign Affairs is planning to get into an expensive legal fight with the United Bank Limited’s UK branch for debiting nearly $29 million to the accounts of the Broadsheet LLC as the huge fallout of Pakistan’s total loss of $65 million in the case starts to roll out and the state of Pakistan takes stock of monumental mistakes in the course of two decades.
Papers available with these correspondents show that the Ministry of Foreign Affairs has taken off its hands, suggesting that it was not in the loop while multi-million dollar cases were being fought in the UK. The government of Pakistan has decided to launch action against the UBL’s London branch for the “breach of trust, unauthorized debit of accounts and becoming Third Party without informing its client (Pakistan High Commission in London”, according to the minutes of an inter-ministerial