NBP announces inflationary allowance by up to Rs65,000 per month

News Image

MG News | August 18, 2022 at 11:54 PM GMT+05:00

0:00

August 18, 2022 (MLN): The Board of Directors of the National Bank of Pakistan (NBP) has approved an interim inflationary allowance up to Rs65,000 per month, the notice issued on Thursday said.

The interim inflationary allowance is to be considered temporary, which will be paid to employees on monthly basis from July 2022 till December 2022 through monthly payroll, the notice read.  

Accordingly, CL/NC/ Players – OG-I officers will get an inflationary allowance in addition to their salary within the range of Rs7,500-Rs10,000. Meanwhile, AVP- SEVP will receive Rs12,500 to Rs65,000 for six months.

The allowance will be added to the August payroll which will also include the July arrear.

The bank also appreciated its employees for performing with great devotion and zeal, despite being burdened by extreme inflationary pressures and additional income tax at higher grades.

NBP has always stood behind its people during tough times, it noted.

Copyright Mettis Link News

Related News

Name Price/Vol %Chg/NChg
KSE100 138,412.25
167.69M
0.32%
447.43
ALLSHR 85,702.96
423.92M
0.15%
131.52
KSE30 42,254.84
82.09M
0.43%
180.24
KMI30 194,109.59
84.37M
0.15%
281.36
KMIALLSHR 56,713.67
217.03M
0.03%
16.37
BKTi 37,831.34
13.04M
1.62%
603.62
OGTi 27,440.63
3.93M
-0.09%
-23.70
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 119,255.00 119,255.00
117,905.00
1635.00
1.39%
BRENT CRUDE 72.74 72.82
72.70
-0.50
-0.68%
RICHARDS BAY COAL MONTHLY 96.50 0.00
0.00
2.20
2.33%
ROTTERDAM COAL MONTHLY 104.50 104.50
104.50
-0.30
-0.29%
USD RBD PALM OLEIN 998.50 998.50
998.50
0.00
0.00%
CRUDE OIL - WTI 70.31 70.41
70.18
0.31
0.44%
SUGAR #11 WORLD 16.46 16.58
16.37
-0.13
-0.78%

Chart of the Day


Latest News

Top 5 things to watch in this week

Pakistan Stock Movers
Name Last Chg/%Chg
Name Last Chg/%Chg