Khawaja Saad Rafique admits railway pensions delayed due to ‘severe financial pressure’

Federal Minister for Aviation and Railways Khawaja Saad Rafique has admitted that the pensions of retired railway employees were delayed due to 'severe financial pressure'.

Federal Minister for Aviation and Railways Khawaja Saad Rafique has admitted that the pensions of retired railway employees were delayed due to ‘severe financial pressure’.

Khawaja Saad Rafique exposed the tall claims of the finance minister Ishaq Dar regarding ‘all okay’ for the national economy and rejection of any default risk.

The railway minister said in a tweet, “Railway pension is delayed due to severe financial pressure. Pensioners are currently suffering extreme difficulties and we are fully aware of it.”

He added, “Finance ministry gave clearance tonight [for the disbursement of railway pensions]. Today, the payments are being released to banks after the issuance of authority from AGPR. We will try our best to ask the banks to distribute [pensions] on Saturday with an overtime shift.”

In another tweet, Rafique confirmed that Rs2.5 billion was transferred to the concerned banks with the collaboration of finance ministry, AGPR and the State Bank of Pakistan (SBP). “We will try to distribute the pensions via the bank branches opened on Saturday.”

The minister said that he sent this message online to clarify the pensioners that their trusts reach the banks.

On the other hand, Finance Minister Ishaq Dar had said a few days ago that Pakistan is not facing the default risk.

Finance Minister Ishaq Dar criticised that spreading rumours are not in national interests. He clarified that Pakistan is not facing default risk. He said in a statement that meetings are part of political process, however, flexibility was not shown from the other side, ARY News reported.

Dar said that Imran Khan is free to go out of the assemblies, however, negotiations could not be held on conditions. He admitted that political stability is important for political stability.

He added that the government will complete the International Monetary Fund (IMF) programme at any cost and the country is ready begin 9th review with the global lending institution.

The finance minister further said that speculations were concluded after the appointment of the new army chief. He said that spreading rumours about Pakistan’s default risk is tantamount to causing damage to the country.

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