Habib Bank Limited raises staff service age to 65 years

Habib Bank Limited (HBL) proclaimed to elevate the staff service age from 60 to 65 years for its employees. Habib Bank Limited is a multinational, first ever commercial bank of Pakistan. It’s headquarter is located in Karachi. By 2018, HBL has 1700+ branches existing in over 25 countries spanning across 4 continents.

Habib Bank Limited announced (HBL) on Thursday September 15, 2022 to raise retirement age till 65 yrs. It will be effective from September 1, 2022 onwards. HBL decided to imply the new law on entire management of bank staff so that they could be able to continue a monetary upkeep to their families in today’s locally and globally economic calamity.

Muhammad Aurangzeb, President and CEO – HBL said while commenting on the initiative:

“With effect from 1 September 2022, the bank will retain all its management staff till the age of 65 years,”

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The decision would allow senior staff members to additional utilize their expertise and knowledge and pass on to young staff members. This chain would be surely effective for the betterment of bank as well as for staff members. This decision is a game-changing support in the financial industry that initiates a kind step to improve lifestyle of their employees.

“The strides the bank has made over the last eight decades, would not have been possible without the dedication and hard work of its people. HBL, with guidance from the Chairman and the Board of Directors, undertook the step of raising the service age to improve the quality of life of those we work with and those we serve.”

“In the current socio-economic environment, this first-of-a-kind step is a game-changer for the financial industry. This ensures that the staff continue to financially support their families in the present global and local economically challenging times. Moreover, it will allow the bank’s experienced staff members to further utilize their skills and also pass on those skills to the younger generation,” he added

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