ZTBL announces raise of minimum wage to Rs20,000

Staff Reporter

In line with the decision of Pakistan Tehrik-e-Insaf (PTI’s) government, the Zarai Taraqiati Bank Ltd (ZTBL) on Thursday increased minimum wages of unskilled workers to Rs20,000.

The raise in minimum salary will benefit more than 2,000 unskilled workers of Kissan Support Services Ltd (KSSL), a wholly owned subsidiary of ZTBL. The workers, earlier, had a fixed monthly salary of Rs17500.

The KSSL Board of Directors, in its 63rd meeting held here at ZTBL under the chair of President/CEO ZTBL Muhammad Shahbaz Jameel increased salaries of over 2,000 KSSL Employees to Rs20,000 with effect from July 1, 2021.

Soon after announcing the raise in minimum wages, the slogans of jubilations echoed in the high-rise buildings of ZTBL as workers were heard raising slogans ‘Pakistan Zindabad’, ‘Long Live Prime Minister’.

The workers also thanked President ZTBL for timely implementing the decision of federal government regarding increase in minimum wages.

KSSL, a subsidiary of Zarai Taraqiati Bank Limited was established in 2006 to provide non–core/non–banking services to the bank.

These include, amongst others, provision of unskilled workers (clerical and non–clerical staff) to the bank.

The welfare of these low paid employees has always been at the heart of KSSL’s corporate vision.

The company has already taken a number of initiatives under the dynamic leadership of its Chairman Muhammad Shahbaz Jameel, President/CEO ZTBL to provide better facilities/working environment to the employees.

The Chairman KSSL BOD, Muhammad Shahbaz Jameel, President/CEO ZTBL remarked on the occasion that prosperity of the institutions is directly linked with the social and economic wellbeing of its human resource.

“Credit goes to the federal government particularly Prime Minister Imran Khan who is always concerned about wellbeing of low-paid employees,” the President remarked.

He added that the bank has registered outstanding turnaround in its lending and recovery performance due to hard work and dedication of its employees.

In another development, KSSL also got registered its 3674 employees with Employees’ Old-Age Benefits Institution or EOBI in compliance to EOBI Act with effect from 1st July 2019.

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