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HDC violates PCB order to give MVR 5000 as Ramadan allowance

Feb 20, 2025, 1:43 PM

HDC Managing Director Mauroof Jameel. -- Photo: HDC

The Housing Development Corporation (HDC) has provided Ramadan allowance in violation of directives from the Privatization and Corporatization Board (PCB).

PCB ordered all State Owned Enterprises (SOEs) to not pay more than MVR 3000 as mandated by law for allowance for the fasting month.

However, HDC provided employees with an allowance of MVR 5000 and an additional MVR 10,000 as an annual bonus.

The annual bonus for 2024 was withheld after the government ordered SOEs to cut costs. HDC could not be reached for comment.

On February 12, the PCB issued a circular directing SOEs to pay MVR 3,000 as per the law for the Ramadan allowance before February 20.

However, some HDC employees shared allowance slips with Adhadhu which confirmed that they had received MVR 5000.

Housing Development Corporation Ramadan Allowance Privatization and Corporatization Board

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