Pak Railways to introduce new system for payment of pension

In order to facilitate the retired employees, Pakistan Railway has decided to introduce new system for its pensioners. Under the new system the monthly pension of the retired employees of Pakistan Railways will be transferred directly to their personal bank accounts. Presently Pakistan Railways has 85,000 in service personnel while the number of pensioners is 150,000 who have to wait in long queues every month in front of the recommended branches of National Bank of Pakistan (NBP). The pensioners have been directed to open their accounts in any bank branch near their homes and submit their account numbers to the relevant railway offices so that their pension could be transferred to them directly.

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