Saturday, May 24, 2025
No Result
View All Result
The AZB More Than Just News
  • HOME
  • Latest News
  • Business
  • PAKISTAN
  • SPORTS
  • WORLD
  • E-Paper
  • SCI-TECH
  • BANKING
  • ARTICLES
  • OPINION
  • MORE
    • MOBILE
    • TELECOM
    • PERSONALITY
    • HEALTH / EDUCATION
  • HOME
  • Latest News
  • Business
  • PAKISTAN
  • SPORTS
  • WORLD
  • E-Paper
  • SCI-TECH
  • BANKING
  • ARTICLES
  • OPINION
  • MORE
    • MOBILE
    • TELECOM
    • PERSONALITY
    • HEALTH / EDUCATION
No Result
View All Result
Daily The Azb
No Result
View All Result
Home BANKING

The Bank of Punjab Takes Measures for Staff During Rising Inflation

News Desk
June 11, 2022
Bank of Punjab
Share on FacebookShare on Twitter

Inflation is a global phenomenon that has impacted many countries worldwide resulting in high fuel prices. Pakistan is also witnessing unprecedented economic turmoil, with inflation rate rising at an exponential rate. Keeping in view the current economic situation and the vision of the Pakistan Government to support low paid population through various possible initiatives during these challenging times, the Bank of Punjab has taken positive measures for its employees.

The Bank of Punjab has also taken a number of initiatives for the welfare of its staff at clerical and non-clerical levels as well as lower grade employees. These measures are driven by the spirit of empathy to support our colleagues and the country at large, playing our due part as responsible employees of a corporate organization:

  • Salary Increment up to 10% of basic salary for Officer Grades is provided in line with the Bank’s commitment to align salaries of its employees with market standards and to provide relief in these testing times. This relief is provided to employees where the salary of an employee is lower than the desired percentile at this level.
  • Salary Increment for Clerical/Non-Clerical/Outsourced resources to bring them at par with the highest minimum wage applicable in any province which is PKR: 25,000/-. This initiative intends to bring some further relief to the category of staff who are at the base of the pyramid and require support.  
  • Capping of fuel price: In response to the escalating fuel prices as a result of global pressures, the management has decided to cap the price of fuel while absorbing recent price increases for middle and lower management.  

The above measure is focused to create some space at the top levels and bring a balance in measures adopted for better management of expenditure.

News Desk

News Desk

Welcome to our web desk! We're a dedicated team of digital enthusiasts passionate about delivering timely and engaging content to our online audience.

Related Posts

H.E Bakheet Ateeq Ali Alayan Alremethi, C.G of the UAE, met with Deputy CEO Sindh Bank Ltd Syed Assad Ali Shah
BANKING

H.E Bakheet Ateeq Ali Alayan Alremethi, C.G of the UAE, met with Deputy CEO Sindh Bank Ltd Syed Assad Ali Shah

May 21, 2025
World Bank team visits Schemes in Badin
Badin

World Bank team visits Schemes in Badin

May 20, 2025
Standard Chartered: "Global Islamic Finance Assets to Surpass USD 7.5  Trillion by 2028"
BANKING

Standard Chartered: "Global Islamic Finance Assets to Surpass USD 7.5 Trillion by 2028"

May 20, 2025
Mobilink Bank becomes the first in the banking industry to bag Top Employer in Pakistan for 2025
BANKING

Mobilink Bank becomes the first in the banking industry to bag Top Employer in Pakistan for 2025

May 20, 2025
Pakistan’s Liquid Foreign Reserves Position
BANKING

State Bank of Pakistan Launches Nationwide “Go Cashless” Campaign for Eid-ul-Azha

May 19, 2025
NBP Advances Technology to Power Smarter and Safer Banking Solutions
BANKING

NBP Advances Technology to Power Smarter and Safer Banking Solutions

May 19, 2025
Visa’s Value of Acceptance study:
BANKING

Visa’s Value of Acceptance study:

May 19, 2025
Mobilink Bank and Fatima Fertilizer partner to provide access to finance to empower the agri-community
BANKING

Mobilink Bank and Fatima Fertilizer partner to provide access to finance to empower the agri-community

May 15, 2025
State Life and JS Bank Partner to Expand Access to Insurance  Across Pakistan
BANKING

State Life and JS Bank Partner to Expand Access to Insurance Across Pakistan

May 15, 2025
Standard Chartered Pakistan launches 7th cohort of its flagship Futuremakers Women in Tech Accelerator
BANKING

Standard Chartered Pakistan launches 7th cohort of its flagship Futuremakers Women in Tech Accelerator

May 14, 2025
Next Post
Muftah Ismail

9,500 billion budget presented for the financial year 23-2022

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *


Most Popular

Zarnab Shastri’s Private Videos Leaked Amid Manahil Malik’s Controversy

Another leak: TikToker Somal Mohsin’s private videos go viral

Sajal Malik Video Leak Sparks Controversy as Fans and Critics Debate

Aga Khan University Celebrates Student Innovation at Concluding Ceremony of President’s Challenge for Climate Solutions

Torino Comics Honors Akira Toriyama, Creator of Dragon Ball and Dr. Slump

Must Read

Kamran Kamal
SCI-TECH

Kamran Kamal takes charge of Pakistan’s largest IPP – HUBCO.

June 30, 2021
Annus Abrar
Headline

Annus Abrar opens his New Flagship Atelier in Karachi.

May 29, 2023
The Azb is a 24/7 online news platform that covers a wide range of topics including business, economics, technology, finance, travel, fashion, and lifestyle.

Quick Links

  • Home
  • About us
  • SCI-TECH
  • Live TV
  • Banking

Useful Links

  • Videos
  • Reviews
  • Advertorial
  • Photos
  • About us
  • Author
  • Home
  • Latest News
  • Partner
  • Privacy Policy
  • Russian Theatre Group Celebrates Fifth Anniversary in Pakistan.
  • Terms and Conditions
  • The Azb – More Than Just News
  • Contact

© Copyright 2024 theazb. All Rights Reserved.

No Result
View All Result
  • HOME
  • Latest News
  • Business
  • PAKISTAN
  • SPORTS
  • WORLD
  • E-Paper
  • SCI-TECH
  • BANKING
  • ARTICLES
  • OPINION
  • MORE
    • MOBILE
    • TELECOM
    • PERSONALITY
    • HEALTH / EDUCATION

© Copyright 2024 theazb. All Rights Reserved.