The Karachi Metropolitan Corporation (KMC) has been paying monthly pensions amounting to Rs450 million to more than 23,000 retired municipal employees. The Sindh government pays Rs281 million to the KMC in the head of pension and provident fund payments, whereas, the arrears of retired officers and employees of the KMC and erstwhile district municipal corporations amount to Rs10.5 billion.
This was said at a high-level meeting on Wednesday presided over by Karachi Mayor Murtaza Wahab to discuss the issue of outstanding pension payments.
The mayor made a request to the Sindh chief minister to release funds so that the KMC could pay arrears to the pensioners. KMC Financial Adviser Ghulam Murtaza Bhutto, Senior Director Finance Riyaz Khatri and other officers were present at the meeting in which Wahab reviewed the KMC’s revenue and expenditure, including salaries, pensions, and development and non-development expenditure.
Wahab said officers of the KMC should set the target of making the corporation financially independent in the next three years.
