National Transmission & Despatch Company Limited has issued Notification on 16-10-2018 in connection with Bicycle, Motorcar, Motorcycle Advance Revision. Detail is as under:
Approval for Adoption of Finance Division O.M regarding Revision of Bicycle, Motor Cycle & Motor Car Advances.
The Board of Directors National Transmission & Despatch Company Limited (NTDC) in its 146th meeting held on 13.10.2018 against addenda item No. 17 has unanimously resolved and approved the adoption of Finance Division (Regulation Wing) Government of Pakistan Office Memorandum No. F.8(2)-Reg.7/87-698 dated 09.01.2018 regarding revision of pay limits for eligibility and the amount for grant of Advances for the Purchase of Bicycle, Motor Cycle and Motor Car for NTDC employees at the following rates.
|S/No||Pay Limits||Amount of Advance|
On pay upto Rs. 15000/- per month
|2||Motor cycle/Scooter Advance
On pay between Rs. 15001/- to Rs.24,999/- per month
|3||Motor Car Advance On pay of Rs. 35,000/- per month and above||Rs. 10,00,000/-|
Note: The relevant clause of the Rules Regulating the grant of Advances for the Purchase of Motor Car / Motor cycle / Scooter / Cycle will be stand amended accordingly.
Special thanks to Mr. Zahid Khan for sending the copy of the Notification of Bicycle, Motorcar, Motorcycle Advance Revision.