ISLAMABAD: tugboat of there is a war on between coalition partners, Pakistan Muslim League-Nawaz (PML-N) and Pakistan People’s Party (PPP), over appointment of President of the National Bank of Pakistan (NBP).
Sources say finance minister and PPPs are lobbying for their respective candidates for position. They reported that the PPP is relentlessly getting its way. way this time, after losing a similar battle to finance minister when the latter appointed his preferred candidate as Governor of the SBP.
They said the PPP name came up of Acting President Rehmat Ali Hasni who From May 12, 2022, the Ministry of Finance appointed to “look after” after it turned out that coordination with the Cabinet of Ministers is mandatory for active charge of slot.
Officials are sitting in National Bank of Pakistan (SBP) and former directors of policy board NBP is also introduced several names before the Myth for appointment. Meanwhile, the Minister of State for Finance Ayesha Gus Pasha also lobbying for her candidate.
Previously on August 13, Ministry of finance postponed interview in last moment due to differences between the minister’s finances high rises of PML-N and the ruling alliance PDM.
The shortlist initially included ten names. senior bankers, including former Allied Bank CEO Tahir Qureshi, senior retired Citi Banker Javed Qureshi, current COO of Askari Bank Khurshid Zafar, current Head of Wholesale Banking at Silk Bank Hassan Raza who It has also worked on senior most positions with UBL and HBL represent Meezan Bank corporate chief Mohammad Abdullah and CRO UBL Imran Sarwar, among others.
Sources say that the Ministry of Finance soon final list of three to four candidates, including Rehmat Ali Hasni, whose name was not included in in original list and then panel of officials will conduct an interview.
The NBP acting president began his career at Taurus Securities Limited, sources said. He was the head of the group (Pair Investment Limited). in January 2010 when he joined NBP as SVP. After joining on On January 25, 2010, as Senior Vice President, he was named Executive Vice President. on December 18, 2012 with effect since January 25, 2013, for Period of three years.
Hasni was appointed by the SEVP on 10-10-2016 presumably in violation of Circular of the Office of the President No. 07/12 dated May 31, 2012, as interviews were not conducted for lifts were carried out, springs added.
From 2019 to November 2021, he headed the Inclusive Development Group at the National Bank. of Pakistan, which is business group focused on lending to priority sectors in Pakistan (SME, agriculture and various government sponsored subsidized lending schemes focused on on encouragement of entrepreneurship).
The NBP has become the largest lender to SMEs and agriculture and has played an important role through these efforts. role in promotion financial inclusion and promotion of gender equality.
He also It has senior risk at the management level in various financial institutions ranging from investment banks, full brokerage services, asset management companies and stock exchanges.
It is pertinent to note that the FIA also case investigation against NBP official including Acting President in Haskol scandal.
Other source on condition of anonymity claimed that the Omni Group, close to senior management of PPP, has an extensive exposure with NBP and applied for a complete restructuring.
