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.
