Pakistan, Aug. 3 -- ISLAMABAD, August 3, 2025 - The Pakistan Sports Board (PSB) has revised its Service Rules 2000, making key changes to its leave encashment policy and introducing a new Contributory Pension Fund. These reforms aim to reduce financial pressure on the organisation and create a sustainable pension system. The updated leave encashment policy now limits encashment to only 365 days in case of retirement, resignation, or death.
Previously, employees could receive basic salary payments for 50% of any earned leave beyond 365 days. This approach had placed a growing burden on PSB's financial resources. The new rule is designed to cut excessive payouts and ensure fair and manageable disbursement of end-of-service benefits. Offici...
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