The Islamabad High Court Monday issued a notice to the finance secretary seeking his reply on a plea seeking a directive for appointment of the board of directors and president of the Zarai Taraqiati Bank Limited (ZTBL).
A single member bench of Justice Riaz Ahmed Khan resumed hearing of the plea filed by All Pakistan ZTBL Officers Association (Patriot) Secretary General Ghazanfar Ali through his lawyer Barrister Afzal Hussain.
During the course of hearing, Barrister Afzal apprised the bench that on June 14, 2010 the last board of directors was constituted by the federal government for a period of three years under The Banks (Nationalisation) Act 1974, whose term expired on June 13, 2013.
He further apprised the court that the last government headed by Prime Minister Raja Pervaiz Ashraf on March 16, 2013 its last working day in sheer violation of the Election Commission’s directives, restructured the board by replacing its chairman and two other directors by three new members. Barrister Afzal maintained that on March 25, 2013 the Islamabad High Court suspended the notification regarding the restructuring of the board on a plea of a ZTBL employee. Meanwhile, the board formed on June 14, 2010 had also ceased to exist on June 13, 2013. The petitioner said that at present no board of directors and chairman of the ZTBL exited and prayed the court to declare the March 16, 2013 notification as unconstitutional and direct the Federal Government to constitute a board of directors, including bank’s president. After hearing the arguments, Justice Riaz Ahmed Khan issued notices to the finance secretary & other respondents to file comments by the next date to be fixed by the office.
Islamabad High Court should take action against the corrupt peple
The current President is doing nothing in the welfare of agriculture, dairy and life-stock, but I remeber that Mr. Zaka Ashraf ex-president of ZTBL was doing a lot of work in the organization.
Yes I agree wat u said Saad Khan that Mr.Zaka Ashraf schemes were brilliant for the development of Zarai Tarqiti Bank …….! he started the Kissan Dost Scheme, Khawateen Rozagar Scheme, Agriculture Loan Scheme, Shamsi tawani Scheme and lot of others which were developing our agriculture and finance
For that the reason it was in news that in his tenure the profits were raised and Mr. Zaka Ashraf strategies broke all the records in past 50 years
During Mr.Zaka's tenure ZTBL aced the past 50 years record in profit making. The employees were very happy then.. I am saying this because a colleague of mine works there and says that the pressent management had moved the bank back into huge loss!
Ehsan Ul Haq is a good man..and have good terms with Raja Pervaiz. only becuse of this reason 200 peopal recieved job…and he also openned 12 branches and posted people there. We wish those branches come in progress..
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