Gourmet Group buys Silk Bank

The Pak Banker - - FRONT PAGE -

Pak­istan's one of top bak­ers and con­fec­tion­ers - Gourmet - has bought the Silk Bank. The Gourmet which has also launched its restau­rants and fur­ni­ture out­lets has made its en­try into bank­ing like that of Ma­lik Riaz, owner of Bahria Town, who re­cently has bough Burj Bank, pri­mar­ily to man­age the fi­nance of their busi­nesses. Gourmet group that is known for its 'good food' and also an 'ex­ploiter of its em­ploy­ees' does not give a day off in a week to its em­ploy­ees and also give them 'min­i­mum wage'. Be­sides there re­ports of tax eva­sion on its part and the FBR seems to be play­ing soft. The gov­ern­ment needs to look into its af­fzirs and at least pro­tect the rights of its work­ers.

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