National Bank of Pakistan (NBP)
has successfully launched Cash & Cheque Management System (CCMS) to provide cash management solutions to financial institutions and corporate customers on real time basis. According to NBP announcement here on Wednesday, President NBP Syed Ali Raza has inaugurated CCMS is a web based application designed to facilitate end to end users and to cater their needs related cash management services.
This service will be available at all the NBP branches countrywide. Meanwhile in pursuance of the judgment of the Supreme Court regarding the payment of provident fund to the employees of the National Bank of Pakistan (NBP) the President National Bank of Pakistan submitted compliance report to registrar Supreme Court. The apex court in its decision was directed NBP to do the needful within a period of six weeks and submit compliance report to the Registrar of this Court. The President NBP complying with the order of the Court has submitted his report stating therein that an advertisement was placed in the national press on October 8, 9 asking all eligible employees/ex-employees to submit applications for payment in accordance with the order of the Court. He said that nearly 9,500 applications have been received so far and payment has been made as per direction of the Court. Applications continue to be received even after the cut-off date given in the advertisement, he said.
In some cases, the legal heirs and succession certificates require verification. All such applications shall be processed and payment will be made after scrutiny, he added. It is pertinent to mention here that the case was heard by a three member bench headed by the Chief Justice of Pakistan and comprising other two members namely Justice Tariq Pervez andJustice Ghulam Rabbani on October 20 and directions were issued to the President National Bank for compliance.-APP
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