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IHC orders removal of NBP president, BoD chairman

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.

IHC sets aside appointments of NBP s president, BoD chairman - Pakistan

The petitioner pointed out that Transparency International had highlighted corruption in NBP and its branches abroad were being closed down. Photo courtesy IHC website/File ISLAMABAD: The Islamabad High Court (IHC) on Tuesday set aside appointments of president of the National Bank of Pakistan Arif Usmani and chairman of its board of directors Zubair Soomro. Justice Mohsin Akhtar Kayani on June 11 had reserved the verdict on a petition challenging the Jan 12, 2019 notification of these appointments. The petition was filed by Syed Jahangir and others, who cited Establishment Division, Finance Ministry, State Bank of Pakistan and Arif Usmani as respondents in the case.

IHC orders removal of NBP President Arif Usmani, chairman BoD

IHC orders removal of NBP President Arif Usmani, chairman BoD
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