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Cabinet approves Arif Usmani’s appointment as new NBP chief

ISLAMABAD: The federal cabinet on Friday gave the go-ahead to the appointment of Arif Usmani as new CEO and President of the National Bank of Pakistan (NBP), ARY News reported.  The approval came during a meeting of the cabinet presided over by Prime Minister Imran Khan in Islamabad today. The post of NBP president was lying vacant after the government suspended former president Saeed Ahmad on a request by the National Accountability Bureau over his alleged involvement in a money laundering case. The PTI government…

NBP sign Belt and Road Cooperation Framework Agreement with Chinese bank

BEIJING: National Bank of Pakistan (NBP) has signed a framework agreement on regular cooperation under the “Belt and Road” with the Chinese Bank, ICBC here, according to state-run wire service. Deputy General Manager, International Banking Department, ICBC HO, Wang Kun signed the agreement on behalf of ICBC and Chief Representative, Shaikh Muhammad Shariq inked the agreement on behalf of NBP. The signing ceremony, as reported by the APP, was witnessed Zhang Leilei, Head of FI Division, International Banking Department,…

NBP president seeks acquittal in Ishaq Dar assets case

ISLAMABAD: National Bank of Pakistan (NBP) President Saeed Ahmed on Wednesday moved an application in an accountability court seeking acquittal in the assets reference filed against former finance minister Ishaq Dar.  Judge Muhammad Bashir resumed today the hearing of reference filed against the PML-N leader by the National Accountability Bureau (NAB). The NBP president, who has been nominated as co-accused along with two others in the case, filed the plea, requesting the judge to acquit him for want of evidence. He…

Ex-NBP president arrested after SHC declines to extend bail

KARACHI: The National Accountability Bureau (NAB) on Friday arrested a former president of the National Bank of Pakistan (NBP) and others after the Sindh High Court declined to extend their interim bail in a case related to the corruption of billions of rupees.  A division bench of the high court headed by Chief Justice Ahmed Ali M Shaikh declined to extend the bail petitions filed by Ali Raza and others. Subsequently, a NAB team arrested them from the premises of the high court and is expected to produce them before…

Panama probe: NBP president alleges JIT members of maltreatment

ISLAMABAD PANAMA PROBE: One more complaint has been lodged against misconduct by the Panama Papers case Joint Investigation Team (JIT) during its hours-long interrogation, this time by National Bank of Pakistan (NBP) President Saeed Ahmad, ARY News reported on Saturday. The NBP president has written a letter to the Supreme Court registrar over the alleged mistreatment by the JIT, probing money trail and offshore properties of the Sharif family in line with Panamgate verdict. Ahmad, in his letter, has alleged the JIT…

Pakistan bank installs world’s highest ATM on Pak-China border

GILGIT: The National Bank of Pakistan (NBP) has installed Automated Teller Machins (ATM) at Khunjerab along the Pakistan China border. According to Inter Service Public Relations, Corps Commander Lt. General Zafar Iqbal inaugurated the project. Chief Minister Gilgit-Baltistan Hafiz-ur-Rehman was also present on the occasion. Talking to media, Lt General Zafar Iqbal said that ATM facility is essential to the businessmen due to increasing trade and business activities under the China Pakistan Economic Corridor. This…