Bank service charge on students fees
Banks told not to levy service charge on students' fees
Larkana, Oct 14: Sindh Governor Dr Ishratul Ibad has described levy of
service charge by scheduled banks while collecting different forms and
fees from students of education institutes.
the practice violated orders of the State Bank of Pakistan.
In a letter sent to the chairmen of the education boards in Sindh on
Oct 9, the Governor's Secretariat termed the practice against the
instructions of the State Bank of Pakistan circulated on March 14,
2007, sources in the Board of Intermediate and Secondary Education
(BISE) of Larkana told this correspondent.
The SBP in a
letter to the chief executives and presidents of the scheduled banks on
March 14, referring to the earlier circular of July, 2003, said that it
had come to the central bank's notice that some of the banks were
receiving service charges from students for collecting fees on behalf
on education institutes.
Since the collection of fees by bank
is the deposit of money on account of its client i.e., educational
institutions, any bank charges from students was not fair. All the
banks were advised not to levy any service charges for collection of
fees from students in any manner whatsoever, the letter said.
The governor advised the chairmen of all the education boards in the
province to take up the matter with the authorised banks and ensure
that no service charges were levied.
In another letter, the
Governor Secretariat addressed the presidents of scheduled banks on Oct
9, 2009, and said that it had been brought to the notice of the Sindh
governor that some branches of banks while collecting different form
and fees from students and educational institutions were levying
service charges, despite clear instructions from the SBP.
requested them to personally look into the matter and direct the
branches dealing with educational boards to comply with the
instructions of the central bank; to immediately stop collecting any
service charges and direct them to refund the amount of service charges
collected with effect from March 14, 2007, till date.
in the Larkana BISE said that the board had received such instructions
from the Sindh governor's secretariat on Monday.On Tuesday, the
chairman BISE in a letter to the bank, it deals with, has asked for
stopping the practice of levying service charges on forms, fees,
cheques, pay orders, demand drafts, in the light of the orders of the
He also sought details of service charges so far
collected from students and refunding that amount, the sources said.
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Sindh high court summoned British Council, IELTS
Karachi: The Sindh High Court (SHC) summoned British Council and
International English Language Testing System (IELTS) officials and
others on a Rs 500 million lawsuit filed by a Pakistani citizen for
Plaintiff Dr Syed Jaffer Abbas Jaffery submitted that
he appeared in IELTS on March 27, 2008, to seek immigration to
Australia. The plaintiff's counsel submitted that the IELTS result was
issued on April 12 that was utterly out of prospect of the plaintiff,
therefore, he appealed against the result as being inaccurate and
erroneous. He said that the defendant sent a letter to the plaintiff on
May 7, informing him that after re-assessing his result in speaking
test, his marking has been increased to 5.5 bands. The counsel
submitted that the negligence by defendants has caused ample delay in
the visa processing of the plaintiff for immigration to Australia and
he suffered financial losses besides heavy mental torture.
court was prayed to issue a decree against the defendants for the
recovery of damages to the tune of Rs 500 million, owing to the wrongs
committed by them and failing to tender an apology.
summoned British Council, IELTS, University of Cambridge officials,
Deputy High Commissioner UK and others for their comments.
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KU faculty head attended international management moot
Karachi: Dr M Abuzar Wajidi, Dean, Faculty of Management & Administrative
Sciences, University of Karachi (KU), recently attended the17th
International Conference on Employment Principles & Practices held
at University of Quebec at Montreal, Canada.
Dr Wajidi presented
a paper titled 'corporate social responsibility' that highlighted the
economic and social challenges brought about as a result of actions of
the Government of Pakistan against the militant activities. He pointed
out that Pakistan faced severe challenges of security and people were
suffering from substantial losses in terms of life, property, and sense
of insecurity for the past several months.
He reminded the
audience, scholars coming from all corners of the world, that Pakistan
was protecting the peace of the entire world community and, therefore,
the world community should come forward to support Pakistan in
effectively overcoming its economic crisis and social problems.
also chaired one of the conference sessions. Later, he met the
professors of management sciences at the Vancouver University, Toronto
University and George Brown University & College and discussed
matters of academic interest and cooperation between KU and the said
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National education council should be set up
Karachi: The President of Tanzeem-e-Asdatza Pakistan (TAP), Professor Dr
Muhammad Ishaq Mansoori has demanded the concerned authorities to
constitute the National Education Council in drafting the National
Education Policy. According to a TAP press release, Mansoori demanded
strict action against corrupt employees in the education department. He
said that all teachers who were absent from work and were receiving
salaries at home should be terminated with immediate effect along with
the respective supervisors and assistant district officers. He also
demanded that hard working teachers should be given their due
promotions and increments. The news
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