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IHC Orders to Dismiss National Bank’s President and Chairman BoD
The Islamabad High Court (IHC) has issued orders for the removal of the National Bank of Pakistan (NBP) President, Arif Usmani, and the bank’s Chairman Board of Directors (BoD), Zubair Soomro. The IHC ordered the government to remove the two officials with immediate effect. The court had reserved the verdict on a petition filed against the NBP president on June 2. ALSO READ SBP Extends Suspension of 0.12% Service Charges for Banks The petition was filed by citizens Syed Jahangir, Javed Iqbal, Fazal Raheem, and Latif Qureshi. It alleged that the NBP president’s appointment was contrary to the guidelines of…