PMA Press Release

In view of the Ministry of Finance’s full transfer of salaries overdue for the previous four months to civil employee accounts, the PMA has issued a circular to banks confirming that all installments due for the past months till 31 March2015 be consequently deducted. The possibility of delay of payment of installments due will be offered to all civil employees upon mutual agreement of both parties.

The PMA has also issued another similar circular to specialized lending institutions regarding due installments of their borrower clients.