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30 Oct 2026, 11:59

Pasargad Financial Group on the Day of Cyrus: Either the Islamic Dress Code Preferred by the CEO or Dismissal

Fifteen employees of the "Pad" company lost their jobs on Tuesday, November 5, during a visit by Majid Ghasemi, the CEO of Pasargad Bank; fourteen women for not adhering to the mandatory hijab and one man for wearing jeans.

Ghasemi issued the dismissal orders right there and also removed the company's CEO the same day.
A few hours later, a message reached employees of other companies in the group: Come tomorrow in the designated attire, otherwise you will not be allowed to enter.

For employees who had been coming to work without a manteau and mandatory hijab until the day before, this message meant a sudden change in working conditions. Now they had to procure a hijab and formal clothing, change their shoes, and adapt to the new directive; or they would be left standing outside the company in the morning.

IranWire has also learned that employees of some companies in the group, including Pad, were paid ten million tomans to purchase the required clothing. The promise of a clothing allowance seen in the directive has been fulfilled in some companies; along with the requirement that entry to the workplace is tied to employees' attire.

The Pasargad narrative is a sign of increasing pressure to impose government-mandated dress codes in the workplace. In this mechanism, management and security of companies can link the cost of choosing attire to income and job security by preventing entry, forcing leave, and threatening dismissal.

Thousands of Employees Under the Shadow of One Decision
Pasargad is not just a bank with a number of branches. The Pasargad Financial Group is a network of companies and holdings active in banking, insurance, information technology, mining, energy, and construction. Fanap, Midco, and Pasargad Energy Development are members of this group and also have their own subsidiaries.
The aggregated and up-to-date statistics of employees across the entire group in the reviewed sources are unclear; however, in Esfand 1401, a memorandum was signed for supplementary retirement insurance for forty thousand employees of the Pasargad Financial Group. This number does not represent the current number of employees in the group, but it indicates the scale of employment in the tens of thousands. ...
iranwire

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