Fed govt decides to remove NBP president from post


The federal government on Tuesday decided to remove National Bank President Saeed Ahmad Khan from his post amid corruption allegations against him.

The announcement was made by Minister for Information and Broadcasting Fawad Chaudhry while he was addressing a press conference in Islamabad.

The information minister went on to say that legislation will be amended to make laws of National Accountability Bureau (NAB) more effective.

Earlier on June 20, an accountability court had reserved verdict against Khan in the supplementary reference filed against the former finance minister Ishaq Dar. The reference was related to money laundering worth millions of dollars.

Judge Muhammad Bashir had heard the case, in which nominated accused, NBP President Khan, Naeem Mehmood and Mansoor Raza of Hajveri Trust appeared before the court.

The trial against NBP head had started on March 1, after he emerged as one of the three accused in the case in February this year.