Pak protests as diplomats not allowed by bank to withdraw pay

Image
Press Trust of India New Delhi
Last Updated : Dec 03 2016 | 4:02 PM IST
Pakistan has lodged a strong protest with India over its diplomats in the High Commission here allegedly not being allowed to withdraw their salaries, which is paid in US dollars, by the bank.
Asserting that not allowing its officials to withdraw their salaries was in breach of Vienna Protocol, Pakistan has also threatened that in case the matter is not resolved soon, it may consider retaliatory action against salary disbursal for Indian diplomats there.
RBL Bank, an Indian private bank, holds the salary account of the Pakistan High Commission staff.
"We are not allowed to withdraw our own salary. It is not a demonetization issue. It appears that it is done more at the instructions of the Indian government," a senior Pakistan High Commission said.
While there was no official reaction to Pakistan's protest from Indian side, officials here maintained that the matter is between the bank and the depositor and government has no role to play.
Diplomats can draw their tax free salaries in dollars and only have to give reason for the withdrawal beyond USD 5,000.
According to Pakistan High Commission officials, they are not being allowed to withdraw their salaries and have been asked for 'letters of purpose' for withdrawal of any dollar amount.
Incidentally, demonetization has led to a sharp spike in demand for dollars and other foreign currency, making it scarce.

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Dec 03 2016 | 4:02 PM IST

Next Story