Askari Bank kicks out 2,000 employees in the name of ‘right-sizing’

By Nauman Tasleem

LAHORE: Contrary to the appeal of Prime Minister Imran Khan of increasing the wages in private sector, the management of Askari Bank has kicked out as many as 2,000 of its employees, bank sources told The Freedom on Thursday.

As per available details, the management of the bank has given the excuse of financial constraints, whereas, in reality the bank is earning profits. One of the branch manager told this scribe that the management has asked a large number of Askari Bank employees to resignation or else they will be fired. “The senior managers, managers and grade II and III are asked to leave the bank,” said the manager over condition of not to be named. He said that Prime Minister of Pakistan is appealing the private sector to increase salaries of its employees but Askari Bank is least interested in the request of PM. He said that the bank is running in profits and these employees gave their hundred percent but in return they got jobless.

It is pertinent to mention here that Askari Bank is a financial entity run by a foundation of Pakistan’s Armed Forces.

A Special Report by The Freedom.