Home Business After SC’s decision, MoF to seek cabinet’s approval for NBP chief appointment

After SC’s decision, MoF to seek cabinet’s approval for NBP chief appointment


ISLAMABAD: After the Supreme Court’s (SC) decision against the bureaucrats keeping dual nationalities, the Ministry of Finance (MoF) is considering approaching the federal cabinet over the appointment of Arif Usmani as President of National Bank of Pakistan (NBP).

Arif Usmani is the Canadian national and the government had finalized his name for a key post of the president of NBP. The government did not issue notification in this regard.

The SC in its landmark decision on Saturday asked the federal and provincial governments to set deadlines for civil servants with dual nationalities to either give up their job or the second nationality. Besides, the apex court ruled that in case a non-Pakistani is to be engaged in employment, then the concerned cabinet’s permission should be secured.

The MoF would again secure cabinet’s approval over the appointment of Arif Usmani as NBP chief in the upcoming meeting as Usmani holds a Canadian nationality. The government has asked him to relinquish the second nationality and assume the office but he seems unwilling to do so, they added.

It is pertinent to mention here that incumbent government had removed Saeed Ahmed, a close aide of former finance minister Ishaq Dar, from the position of NBP president in August citing that the previous government had not taken the approval from the federal cabinet.

It is also worth mentioning here that the successive governments have appointed the NBP chief from outside the bank and ignored the senior officials already working in the bank.

Profit reached out to Usmani for his comments but he did not reply. Attempts were also made to contact Federal Minister for Finance Asad Umar and PM’s Spokesman Iftikhar Durrani, but no reply was received.