ISLAMABAD: Pakistan Telecommunication Employee Trust (PTET) cannot pay Rs40 billion on account of pensions to retired employees of Pakistan Telecommunication Company Limited (PTCL) as it will deplete the cash flow of the company, a top PTCL official told a parliamentary panel on Tuesday.
“Funds have to come from somewhere and our trust has deliberated that the cost (Rs40 billion) should be borne by the government of Pakistan,” Syed Mazhar Hussain, PTCL Chief Human Resource Officer and PTET Board Chairman, informed the sub-committee of the Senate Standing Committee on Information Technology and Communication. The meeting was chaired by Senator Engineer Rukhsana Zuberi.
Hussain emphasised that payment of Rs40 billion to the pensioners would have an immediate impact and requested the parliamentary panel to give a practical solution to the issue.
Global News 
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