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AGREEMENT.

NAME OF PARTIES.

Represen ta tivesof the EmployerState Bank of Paldstan.

Representatives of theDemocratic Workers Union(CBA), State Bank of Pakistan.

1. Mr. Klwlid Mahmucl SalimExecutive Director (I·IR).SBP:CD:Karachi.

1. !'Ar. Malik Arsala Khan,President.

') Mr. Ri,lZ Ahmed,Director,!'!uman ResourccsDepartmcnt.SBP:CD:«arachi

2. Mr. Liaquat Ali Sahi,Secretary General.

Whereas thc Democratic Workers Union (CBA), S.B.P. submitted aCharter of Demands dated 9-6-2000 as per Annexure "A",

, And Whereas the parties have held negotiations at Karachi with a.. :,i~w to cntering into an agreement.

Whereas, the CBA gives a clear undertaking that they will pertormtheir official dutics cfficiently, honestly ane! in the best interest of theinstitution .. They further understand that their retention and continuity ofservice \vill depcnd on etTicicncy and honesty.

And Whereas as a result of the negotiations the parties hereto haveIllutually agreed freely and voluntarily without any compulsion, threat,coercion, pressure or allY other method of the like nature to execute thisagreemcnt on the points/ terms alld conditions detailed in the succeedingp~r'lgraphs.

12.5% inc"rease In tbe existing

monetised salary scales will be allowed

with effect from'! sl' September: 2000,Ito ~'.\;,'\

the Bank employees. Salary Scales will

be revised accordingly effective from

tlte said date.

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EducationAllowance:

Clerical! Non-clerical staff of the Bank

will be allowed Rs.5001- p.m. as

Education Allowance w.e.f. 1st

September, 2000.

On promotion to higher grades,

employees will be allowed 3% increase

in their salary at the time of promotion

made on or after 1-9-2000.

The employees posted at Muzaffarabad

Office will be allowed Un-attractive

Area Allowance @ Rs.2,0001- per

month w.e.r. 1-9-2000.

The employees posted at Quetta Office

will be allowed Severe Winter

Allowance @ Rs.1 000/- per month for

a period of six months in a year

(November to April) w.e.r. 1-9-2000.

Increase in Salaryon Promotion:

Un-attractive AreaAllowance:

Severe WinterAllowance:

Cash Award forpnssing BankingDiplomaExmni!lat:on:.Juring servicetenure:

On passing DAIBP-I and DAIBP-II

exnminntions (on or after 1-9-2000). ,. '\11. I, \..

.:~:'i'ii1g Bank scrVite' the Bank" III

employees will be allowed a Cash

Award @ Rs:20,0001- and Rs.30,0001-

respectively.

Cash Award foracquiring higherqualifiention duringservice tenure:

Non-clerical employees who acquire

degrees of BBAIBA (with Economics),

B.Com./ B.Se. (Computer) from a

recognized University in Pakistan on or

after 1-9-2000 will be allowed only

On(: time a Cash Award of Rs.l 0,0001-.

Re-imburscment ofEducationalExpenses to Non-clerical SlafflDriversl GestclnerOperators:

graduation examination from a

recognised University on or after

1-9-2000 during the service period in

subjects related to Accounting,

Business, Economics, Commerce and

Information Technology (viz. MBAI

M.A.(Eeo.

complete

Professional (MCP)I Oracle Certified

Professional (OCP) 1 CA 1 lCMA

institutions will be allowed only one

time a Cash AwarcI of Rs.20,OOOI-.

Presently Educational expenses are re-

imbursed to Non-clerical StaW Driversl

Gestetner Operators only in respect of

their two children's education lIptD.

Graduation levcl. Effective from J -9-

2000 this facility shall also be extended

to the post-graduation level in subjects

relating to Accounting, Busincss,

i~Cl'narPI;;s, Commerce and Information

Technology (viz. MI3A1 M.A.(Eco.)/~

M.Com./ MCS).

Encashment ofLeave:

The facility of encashmcnt of leave will

be linked with the monetised salary

w.e.f. I -9-2000, as a consequence of

which Clericall Non-clerical staff will.

be allowed 50% of their monetised., I I II •• ' "r '\1 \\ \ • .'i"l

salary for 15 days every year in case "

the leave applied for such period is

refused to them.

2) Payment of I iuusc Effective from 1-9-2000 the widow of a It

~

/Rellt C.,:ilil\g to deceased employee will be allowed ~wiJuw:, IiI' Dank l

employees during payment of House Rent Ceiling @ 40%l•}

Iddat:,,

of the monetised salary for a period of r

130 days.C7

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3) Transfer Grant: Effective from 1-9-2000 the TransferI

Grant will be allowed to Bank

employees at the following rates:-

, i) With family: 50% of monetised

\,salary.

ii) Without family: 25% of 1110netised '/,

salary. ,"

• '1

, D, Staff Loan (a) All eligible employees will be allowed'~ .

to avail Staff Loan for the prescribed

purpose(s) upto a maxImum amount" equal to their 35 months' monetiseJ.(i(,-..

salaries. Stafr LoaH for purchase of

-}L Computer! Printer (subject to a

maximum of Rs.70,000/-) will

however, continue to be allowed over

and above this limit. Consequent upon. io.

revision of the monetised salaries with

effect from 1-9-2000, the employees

will be allowed to avail the difference

of their staff loan entitlement (subject to

observance of prescribed formalities/

conditions) as a one time exception. In,

other cases the difference of staff loan " ,

will continue to be admissible only on

~

promotion Ol:; per existing illstructiol1~,

11/ 4

Group TertllAssuranre:

Leave facility forfemale Employccs:

Cash A ward onRctirement:

(b) Under the existing instructions of staff

loan policy, loan exceeding 37.5% of an"

employee's entitlement is subject to

interest @ 10% per annum. Employees

will be given un option to forego

interest on Provident fund Balances

w.e.f. 1-9-2000 if they are willing to

avail of total amount of stllff loans on

interest free basis.

Effective fr0111the date of prospective

agreement to be executed with tIll: Stale

Life Insurance Corporation, present

limits of thc sunf as'Sured I.\nde~ Grotlp' \':,'i,'\

Term Assurance will be enhanced by

Rs.200,000/- for each of the monetised

salary groups/ ranges subject to

payment of additional amount of

premia On this account by employees

themselves.

Effective from 1-9-2000 the facility of

,Maternity Leave/ Special Leave [or

fddat will be revived for female

employees as per past practice, as

detailed below:-

(i) Maternity Leave for 90 days (on full

monetised salary not debitable to leave

account) not exceeding three times in

entire service.

(ii) 130 days Special Leave on full

mOllctised salary (not debitable to leave

account) [or :-Iddat period after the

deaths of their husbands.

Employees retiring on or after 1-9-2000

will be awarded a Wrist Watch (upto a

maximum price of Rs 10,000/-) or prize

bonds of equivalent value in lieu

thereof.

Annual MeritIncrease:

Subst:; ution ofProperty more \hanonce:

Change ofdesignatiun ofCanteen $t,\: i':

Sub:;tilllti')I\ or.!child for1·'·;lllh'.lr~Clllel1l ~lr

Linking ofG.P.F./P.r:. adval1l:e withl1loneliscd salary:

Increase in Pension/l3enevolcnt Fund:

Establishment ofs.n.p. r:oundation:

allowed with effect from 1-1-2001.

ClericalINon-clerical employees will be

allowed facility of substitution of

property on the existing conditions

applicable in case of Bank officers.

Canteen Staff working in various

Departments/ Offices will be allowed

new designation in their respective

salary scale commensurate with their

present assignments. .

Eligible Non-clerical Starr. Drivers and

Gestetner OrCI":>I, 'I': \.': '

:,lillslltllle a chilLI for the purpose: of

reimbursement of educational expenses.

This facility will be admissible once in

his entire service and only when a child

already getting the facility is unable to

continue his studies for a genuine

reason ,:uly supponed by the requisite

documents.

The facility will be delinked from the

old basic pay.

The existing PensiQn/ Renevolcnt Fund,\, \ \ \.'\ \;\ ,~ '" ~ I' \\'\

Schemes hilS been reviewed.

A SBP Staff Welfare Foundation willbe set up.

(i) Promotion Policyfor Clerical! Nl"l.clerical staff:

(ii) Improvement ofMedical Facilities incertain areas:

Remaining points containcd inthe CharIer of DcmantL.

'1-." .1-;I

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- .'~\g(eement shall b~ "b.inili2!?"91h,~Q.~pu.rJicsfor a:p~.rl~dc>'f:~wo",

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.' IN Witness Whereof the partjes hpve set' their hand on the d.aY!.<?r. . .", '''''f·':~h "·26th October;~2QQO at State Bank of pokistan, Lahore.

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Rt:PH':~I..'lll,ill"'C,; l'1 (ill j :111j'i,')'t'J"

State Bank of Pakistan.

l.~ -------------~---'" (KHALIP MAHMUD SALIM)

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WITNESSES: .. :.

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Democratic Workers UIlluH(CBA), State Bank of Pakistan.

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~'. ,",:+~~WITNESSES:. .I. ;"k Ou'.-#------