IHC orders removal of NBP president, BoD chairman
June 30, 2021
ISLAMABAD: The Islamabad High Court (IHC) on Tuesday has ordered the immediate removal of National Bank of Pakistan (NBP) President/ Chief Executive Officer Arif Usmani and Chairman Board of Directors (BoD) Zubyr Soomro from their posts. Justice Mohsin Akhtar Kiyani on Tuesday announced the verdict, reserved on June 2, about a petition filed against the appointment of the NBP
president. The IHC heard the petition filed by citizens Syed Jahangir, Javed Iqbal, Fazal Raheem and Latif Qureshi. The petitioners challenged the notification dated 12 January, 2019 regarding the appointment of Usmani as NBP president, terming the appointment not in accordance with the requirements of transparency.