LAHORE - The resilience and hard work of employees of all ranks of MCB have proved that privatisation has brought a paradigm shift in services, infrastructure, technology and contribution to national exchequer while increase in number of satisfied customers is also a testimony in this regard.
Riafat Khan Jadoon, President MCB staff union, stated this while talking to journalists. Millions of households also progressed with the successful privatization of MCB. “The number of employees working in MCB Bank has increased from 8,000 to over 20,000; assets and deposits have grown by 20 times; and it has contributed over Rs 100 billion to the national exchequer on account of taxes since its privatisation,” he added.
It has been assigned the best rating among all domestic banks by reputable foreign and local rating agencies. Its profitability has increased by 170 times after privatization, which makes us proud for being an important part of the overall success. The Bank has also ensured many fringe benefits and we will not allow anybody to harm our source of income. Our prosperity is directly dependent on the progress of the bank.
The bank since its privatization has been committed to create a progressive environment and protected employees’ rights as provided by the Constitution of the country.
The success of the bank is itself a testimony of the fair and transparent privatization. Employees of the bank feared that some people having vested interest are misusing their position as public representative especially Saeed Ghani, now a senator and formerly an employee of MCB.
‘Senator Saeed Ghani is taking advantage of his seat in Senate while achieving personal agenda against MCB Bank which is hurting the bank’s employees as they are stressing out due to uncertainty of their future.’