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On its 25th anniversary, Bank Alfalah raises the retirement age to 65 and the minimum salary to Rs. 40,000.

One of the top commercial banks in Pakistan, Bank Alfalah, is celebrating its 25th anniversary and has unveiled two significant initiatives for its staff.

The Bank first increased the retirement age to 65 years. With this change, according to Bank Alfalah, it will be the first bank in the sector to have “permanent colleagues until 65 years of age with full benefits.”

Second, the Bank has taken the initiative to “move away from the concept of the minimum wage in times of inflation” by modifying the minimum wages at all levels.

Also, in honour of its 25th anniversary, the Bank gave all qualified employees bonuses equal to one month’s basic salary.

Bank Alfalah has also chosen to increase the benefits of staff house finance limitations for all of its employees in order to better accommodate them.

The Bank emerged as the greatest corporate donor, committing $10 million to the reconstruction of the areas hit by the disastrous storm last year.

The Bank also launched a financial aid programme for employees and their families who were impacted by the heavy rains and flooding.

The Bank also launched a financial aid programme for employees and their families who were impacted by the heavy rains and flooding.

For this programme, which has already helped 500 colleagues, Rs. 100 million was allotted.

Along with medical insurance, scholarships for school and marriage, and a staff welfare programme in place of a medical front, Bank Alfalah offers other benefits to its employees.

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