NBP appeal dismissed, clearing path for pensioners
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MG News | September 17, 2026 at 03:04 PM GMT+05:00
fSeptember 17, 2026 (MLN): In a significant ruling
concerning employee pensions and retirement financial rights, the Federal
Constitutional Court of Pakistan officially dismissed an appeal filed by the
National Bank of Pakistan (NBP) on September 16, 2026.
The decision brings finality to Civil Appeal No.
1688/2021, titled National Bank of Pakistan & others vs. Khawaja Abdul
Hameed Nasir & others, effectively ruling against the bank's long-standing
challenge.
With the dismissal of the appeal, the path has been
cleared for NBP pensioners to receive official government-approved increases in
their pensions.
The judgment reinforces previous directives concerning
the financial rights of retired employees, ensuring they benefit from standard
increases previously contested by the institution.
Following the court's pronouncement, Acting Company
Secretary Mehnaz Salar formally communicated the development to the Pakistan
Stock Exchange (PSX) on September 17, 2026.
Filed in accordance with Clause 5.6.1 of the PSX Rule
Book, the notification noted that while the appeal has been dismissed, the
complete and detailed text of the full judgment remains awaited.
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