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Thursday December 01, 2022

HBL raises retirement age to 65

HBL says it would retain its entire management staff till the age of 65 years with effect from September 1, 2022

By Our Correspondent
September 16, 2022

KARACHI: Habib Bank Limited (HBL) on Thursday announced raising its staff service age from 60 years to 65 years, saying the initiative would help the bank’s workforce continue a financial support to their families.

The decision would allow the bank’s experienced staff members to further utilise their skills and pass on them to younger generation, HBL said. “In the current socio-economic environment, this first-of-a-kind step is a game-changer for the financial industry. This ensures that the staff continue to financially support their families in the present global and local economically challenging times.”

The bank stated that it would retain its entire management staff till the age of 65 years with effect from September 1, 2022. Commenting on the initiative, Muhammad Aurangzeb, HBL president and CEO, said the bank took the decision to improve quality of life of its staff.

“HBL, with guidance from the Chairman and the Board of Directors, undertook the game-changing step of raising the service age to improve the quality of life of those we work with and those we serve,” Aurangzeb said. “This effort underpins our belief in being a ‘Bank with a Soul’.”

Comments

    Rizwan UL Haq commented 3 months ago

    Help line wala bt he ni sunty

    4 1

    Khalid Aftab commented 3 months ago

    Though the initiative is ex excellent it's only for management staff who are drawing hafty salaries along with perks. The non management staff will benefit more if this is extended to them as well.

    2 0

    Good step . The same is with UN and many institution in Europe and USA . commented 3 months ago

    Good step . The same is with UN and many institution in Europe and USA .

    0 0

    Owais commented 3 months ago

    HBL the great organization wish to grow n grow with this decision

    2 1

    Muhammad Salman Afzal commented 3 months ago

    One word for the decision "Great"

    2 1

    worst customer service by this bank commented 3 months ago

    worst customer service by this bank

    0 0

    Muhammad Khan commented 2 months ago

    The bank should also care about its investors. Share prices have nosedived to 83 on account of wrong policies resulting in fines and destroying dividend income as well as share price. Giving the management who are dead wood is disastrous.

    0 0

    Shahab Alam Siddiqui commented 2 months ago

    Decsion lead to increase UNEPLOYMENT among youths.

    0 1