ISLAMABAD: The federal government on Wednesday approved the appointment of former State Bank of Pakistan (SBP) governor Ashraf Mahmood Wathra as chairman of the Board of Directors (BoD) of the National Bank of Pakistan (NBP) for a period of three years.
In this regard, the finance ministry has also issued a notification. “In exercise of powers conferred under Section 11(3) (a) of the Banks (Nationalization) Act 1974, the federal government is pleased to appoint the following as ‘Chairman/ Directors on the Board of Directors of National Bank of Pakistan (NBP) for a term of three years subject to clearance of fit & proper test criteria of State Bank of Pakistan (SBP),” read the Finance Division notice.
While Nasim Ahmad and Ali Syed have been appointed as NBP directors.
The notice further stated that “In addition, Additional Finance Secretary (IF), Finance Division shall be Ex-Officio Director on the Board of NBP.”
