NBP ordered by SC to clear pensioners’ dues

City News Apr, 7 2024
NBP ordered by SC to clear pensioners’ dues
  • 122
  • 0

KARACHI: Supreme Court has kept criminal original petition pending which is continuous threat for National Bank of Pakistan management in case their failure to implement the Supreme Court decision or delay clearance of outstanding pensioners’ benefits. Contempt proceeding can be initiated.  In its order by three member bench of Supreme Court headed by Justice Syed Mansoor Ali Shah said we find that there is no ground made out for review of impugned judgment. These civil review petitions along with applications for permission to file review are accordingly dismissed.

We have noticed with concern and dismay that this Court decided in favour of respondents pensioners on September 25, 2017 but still said judgment has not been implemented in spite of fact that no interim relief was granted by this Court. Respondent pensioners in spite of having won case from High Court and this Court have been deprived of this relief for years. Contempt petitions have also been filed by petitioners, which have since been pending before us. In this background we direct National Bank of Pakistan to implement judgment of this Court in letter and spirit within period of one month from March 20, 2024, order said. 

Hashmat Habib lawyer of pensioners pointed out that in year 2016 over Rs 37 billion was profit against National Bank of Pakistan’s assets of Rs 2,000 billion. In same balance sheet it is confirmed that Rs 54.355 billion were lying in pension fund, Rs 44.999 billion were placed in long term investment therefore it is not difficult to pay about Rs 60 billion to petitioners forthwith.  He said we have submitted written way out that Bank has spent over millions of rupees from national exchequer on account of professional fee and litigation which is national law therefore judicial notice may be taken and all responsible persons involved into this mega corruption must be brought to justice.

Published in The Daily National Courier, April, 08 2024

Like Business on Facebook, follow @DailyNCourier on Twitter to stay informed and join in the conversation.

Nasir Mahmood
Nasir Mahmood https://www.dailynationalcourier.com/author/nasir-mahmood
Senior Journalist at Daily National Courier. Covering almost all beats including politics, current affairs, sports, metropolis for more than 45 years. Member of Karachi Press Club & KUJ.

NC Big Stories

Sharif family responds to reports of Hasan Nawaz’s bankruptcy

ISLAMABAD: The Sharif family has issued a statement in response to the recent ruling by the High Court of Justice in London declaring Hasan Nawaz, son of former Prime Minister Nawaz Sharif, bankrupt. In the statement, a family spokesperson emphasized...

IK calls for mass gathering on Nov 24; Aleema Khan

RAWALPINDI: Pakistan Tehreek-e-Insaf (PTI) founder Imran Khan has urged his supporters to gather in large numbers on November 24, emphasizing that the protest is crucial to reclaiming the country’s freedom. The call was conveyed by his sister,...

Punjab govt expands ‘Maryam Ki Dastak’ to 32 districts

LAHORE: The Punjab government has extended the ‘Maryam Ki Dastak’ programme to 32 districts, a decision made on the directives of Chief Minister Maryam Nawaz. The programme, which previously covered key cities, now includes 10 additional...

Ronaldo in headlines again, reveals retirement plans

DUBAI: Portuguese football legend Cristiano Ronaldo made headlines once again following his national team’s commanding 5-1 victory over Poland, clinching a spot in the UEFA Nations League quarterfinals. With this win, Ronaldo, 39, celebrated h...

More like this
Related

Two Female Pakistani scholars honored with ISAC Travel Award

KARACHI: Two female Ph.D. Scholars from the Dr. Panjwani Center for Molecular Medicine and Drug Research (PCMD) at the University of Karachi, Ms. Sidrah Asghar and Ms. Rabia Ilyas, have been honored with the prestigious Young Investigator Travel Awar...

Prof Munawar Abbas elected as Central President SPLA for second term

KARACHI: The Sindh Professors and Lecturers Association (SPLA) held its central convention and oath-taking ceremony for the newly elected cabinet for the year 2024-2026 at Government Syed College, Nazimabad. Secretary College Education, Asif Akram, a...

Land grabbers roaming all around KW&SC NEK filter plant

Karachi: Encroachment by the land grabbers is continued within and surroundings of the Karachi Water and Sewerage Corporation NEK filter plant near Janjal goth Karachi. Land grabbers entered the staff colony few days back supported by machinery and c...

Policy document in circulation clone of 2001 merchant shipping policy: Analysts

KARACHI: There is deafening euphoria among young shipping enthusiasts on the widespread news on revision of Pakistan's Merchant Shipping Policy by the Ministry of Maritime Affairs but is there anything new? The document making rounds on social media...
Need Help? Chat with us