Islamabad (Staff Report): The federal government on Tuesday appointed Arif Usmani as president of the National Bank of Pakistan for three years.
According to a notification, Usmani’s appointment has been made under the section 11 (3)(a) of the Banks (Nationalisation) Act, 1974.
Last year, an accountability court indicted NBP’s former president Saeed Ahmed and two others in a supplementary corruption reference against former finance minister Ishaq Dar.
Judge Mohammad Bashir read out the charges in presence of all accused, to which the co-accused pleaded not guilty.
Ahmed informed the court that he has challenged his indictment in the Supreme Court. However, the judge observed that the proceedings will continue until the apex court rules otherwise.
The NAB filed an interim reference against Dar in September last year on the Supreme Court's orders in the Panama Papers case.
In a supplementary reference filed earlier this year, NAB named National Bank of Pakistan President Saeed Ahmed, Naeem Mehmood and Mansoor Rizvi as co-accused.