The SRBC Board of Directors in its 196th & 197th Meetings has approved the administrative and financial restructuring of the Company which operates in line with Companies Ordinance – 1984 and its management reports to MOIBNH under Rules of Business – 1973. The Board of Directors in has also approved SRBC Employees Service Rules – 2015 which now shall replace SRBC Employees Service Rules – 1983.
The Board of Directors has further approved revision in pay scales of employees from Group – 1 to Group – 9 suggested by the CBA, and endorsed by the management. The Board has also approved the non-salary demands of CBA Charter of Settlement, stipulating that the salary demands pursuant to revised pay scales – 2015 shall be adjusted within the existing budgetary resources in order to ensure that the fiscal gap in the income and expenditure of the company does not narrow down. The Board has also approved payment of Eid Allowance to all categories of employees at a fixed rate on the occasion of Eid-ul-Fitar and Eid-ul-Azha.
The Board has also approved existing 12 contractual employees status to be converted into initial appointment, after passage of written test and interview, into permanent employment subject to security and medical clearance.
It may be recalled that on CBA’s special request to exempt educational certificates verification of old employees up to 8th class in schools for want of non-availability of paperwork has been acceded by the management during July, 2015.
It may further be recalled that SRBC management already has disbursed to its employees an amount of Rs. 2,33,16,276/- during the period of June, 2014 to October, 2015 under following categories:-
Uniform allowance and scholarship.
Arrears of house rent ceiling and promotion.
Provident fund arrears.
Bonus for year 2013 – 14 equal to one month basic salary.
Eid-ul-Fitar, Eid-ul-Azha allowance and leave encashment.
During an informal discussion with Chairman NIRC, the management placed before the honourable chairman entire financial benefit data that was appreciated, with direction to resolve all pending issues through amicable dialogue.
The Board of Directors recorded its appreciation for bringing the organization into financial and administrative discipline according to GOP’s good governance practices, taking into consideration the available income and expenditure of the company within the frame work of financial discipline.
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