Please refer to BPRD Circular No. 11 dated June 6, 2009
wherein Banks have been advised to ensure implementation
of the Supreme Court’s Order for payment of pension
through all branches of all banks.
In this regard, Finance Division has notified the requisite
changes in Federal Treasury Rules vide SRO No. 5(3) Exp-III/2007
dated 21st October 2010 (Annexure-I). Further, a Standard
Operating Procedure (SOP) has been developed in consultation
with the stakeholders (Annexure-II). The SOP clearly stipulates
responsibilities of the Pensioners, Accounts Offices,
and Banks along with a mechanism of reconciliation between
Banks and the Accounts Offices.
All the banks are advised to ensure compliance of the
above Circular in letter and spirit and make the necessary
arrangements for disbursement of pension accordingly w.e.f.
January 1, 2011.
State Bank of Pakistan will monitor compliance of the
instructions from January 1, 2011.
Please acknowledge receipt.