No.

NCL/ISL/EX-GM(Coord)/2017/12 July 19, 2017

Mr. Ali Akbar Sheikh

Managing Director
National Construction LTD
NC House 26, Mauve Area
Islamabad

Subject: RELEASE OF RETIREMENT BENIFITTS

Please refer my following earlier letters and the correspondence referred therein.

1- Letter No. NCL/ISL/EX-GM(Coord)/2017/06 dated March 16, 2017.

2- Letter No NCL/ISL/EX-GM(Coord)/2017/07 dated April 03, 2017
3- Letter No NCL/ISL/EX-GM(Coord)/2017/08 dated April 07, 2017
4- Letter No NCL/ISL/EX-GM(Coord)/2017/11 dated June 08, 2017

In response to my above noted letters, I have received an amount of Rs 8540000/- vide

cheque No …. Dated …. as part payment against my dues already demanded. I asked
concerned staff to provide me documentary evidence regarding the details of payment being
made, which they denied to provide. However, verbally I was told that the payment is being
made against leave encashment; I was also told that the encashment od leave was being done
in two categories, i.e. normal accumulated leave and refused leave. The first one is being
done at Grodd excluding adhoc reliefs and the second one is at basic salary. The plea is
totally on the basis of malefic intention and lack of acquaintance with company service rules
as detailed in following paragraphs.

Mr. Arshad Hussain Asstt Mgr (P), justified his please by referring an outdated office order
bearing No HO/NC/GM(P&A)/B-3/85/880/1340 Dated January 14, 1985. Amazingly he had
only slip pasted in service rules with reference to office order and not the original officer
order. It is worth noting that the said office order was suspended and ultimately euperseded
by another office order, but unfortunately he had no knowledge about the updated status of
service rules, rather he is totally relying on conventions and fairy tales. The last amendment
in service rules was vide office order No NC/ISL/GM(P&A)/96/3233 dated October 16,
1996, which is reproduced as “The Management is pleased to enhance the accumulation
of Earned leave pertaining to officers only from 90 days to 180 days with immediate
effect as well as to allow the encashment of Earned leave if any accumulated over and
above 190 days at the time of normal retirement only by superseding rule 2.b of chapter
VI of service rules for officers of Grade v and above of the company.

In light of above facts, working of my earned leave by the said AM(P) is totally wrong
because in case of normal retirement, the accumulation and encashment rules are set aside
and total leave is en-cash-able. There is no distinction between refused, normal or deferred
leave. It is also worth mentioning that during service the earned leave is being en-cashed at
gross salary including adhoc relief, then there is no logic of encashment on retirement with
different methodology. You are therefore requested to order the concerned AM (P) to correct
the record and intimate to undersigned so that I can ask the Accounst department to release
the balance payment. I am also appending hereunder the updated status of my payables.

Rs in millions
Payable Upto May 2017 7.124
Less paid during June 2017 (0.854)
Balance Payable
Profit announced by NIPAF- F-Equity Sub-fund
for June 2017 @ 8.1% 0.072
Payable Upto June 30, 2017 6.574

An early response is requested.

With Best Regards,

TARIQ MEHMOOD
Ex-GM(Coord)
03458557598
House No 20 Street 13, H Block
SOAN Gardens Islamabad

Copy to
Chairman BOD/ Secretary H&W, B-Block Pak Secretariat Islama