NBP appointment policy issue referred to SBP for investigation

ISLAMABAD: The National Assembly’s Standing Committee on Finance, Revenue, Economic Affairs Friday decided to refer the National Bank of Pakistan’s (NBP) new appointment and promotion policy case to State Bank of Pakistan to investigate into the charges of violations of merit.

The committee, which met here under the Chairmanship of Qaiser Ahmad Sheikh decided to provide the SBP all the documents and evidences that show that the recent recruitments by the bank were made in violation of the merit.

The committee in its early meeting had expressed concern over the new appointment and promotion policy of the NBP under which the weightage of interview for any post of senior level had been enhanced up to 50 percent, which the committee opined would compromise merit-based appointments in the bank.

The committee had expressed reservations that giving about 50 percent weightage to interviews for promotion under the new policy does not make sense.

Since the president of NBP was not present during the Friday’s meeting to explain his position as desired by the committee, so the committee decided to write to the central bank to investigate the recent recruitments and recruitment policy of the bank.

The committee desired the SBP to reply and report back to the committee within fifteen days. The chairman of the committee also expressed resentment that the NBP stances over number of recruited officials and criteria for selection have been changing.

On the occasion, the NBP representatives informed the committee that the bank had already sent letter to various applicants on December 21, taking their feedback in case they have any grievances on any recruitment.

Must Read

Pakistan’s IT exports could exceed $25b through better utilization of resources:...

ISLAMABAD: Prime Minister Shehbaz Sharif has said that Pakistan's IT exports could exceed twenty-five billion dollars through better utilization of resources and provision of training...