Violation of SC orders: NBP to rehire retiring officers

2
156

In contravention of Supreme Court’s clear directives, the National Bank of Pakistan (NBP) plans to re-hire on contract around a dozen of its officers who are going to retire in coming months, well-placed bank sources told Online.

The bank’s newly constituted Board of Directors (BoD), according to the sources, has given a go-ahead to the said officers who are about to retire after completing 60-year age limit, vis-à-vis their re-employment.

Not only the Supreme Court which has already banned the re-hiring of retired officers on contract, but Prime Minister Nawaz Sharif is also clear on the issue, however, the NBP BoD apparently considers itself an independent body, and above the government’s designated service rules and regulations.

One of the officers, who are supposed to be re-hired, is allegedly involved in famous “Bangladesh scam” causing a loss of Rs 12 billion to the bank, the sources added.

An inquiry into the scams, wherein out of proportion loans were lent and later written off by the two NBP branches and other massive corruptions, is being conducted by the National Accountability Bureau (NAB) and the FIA against one of the said officer.

The newly-appointed administration of the bank has planned to restructure the organisation and put it on the road to success with new ideas and bold decisions, which does not seem possible with old hawks sitting on major positions controlling the affairs.

Due to corruption and unethical behaviour, the NBP has incurred a massive decline in its profits that plunged in recent years from Rs 27 billion to Rs 19 billion to Rs 16 billion and touched all-time low of Rs 5.5 billion in 2013, the sources added. So, the NBP has planned to re-employ the same old pundits responsible for this major loss to a big national organisation. This sharp decline in the profit has ultimately affected the bank employees in financial terms as their annual bonuses depended on annual profits, sources maintained.

2 COMMENTS

  1. وہ چھکے جنہوں نے بھارت کے چھکے چھڑا دیے. دوبارہ دیکھیں اور بار بار دیکھیں
    Vdo Link Here:>>> http://goo.gl/aDKbvu The-amazing-SIXES-again.
    ___________________________-

    پاکستان کی ایٹمی طاقت بننے کی وجہ
    مزید معلومات کے لئے کلک کریں
    Vdo Link here>> http://goo.gl/rDNkA2
    Why Pakistan had to become Nuclear Power
    ___________________________-

    اسلام مخالف ویسٹ بورو چرچ کا بانی پادری فریڈ فیلپس جہنم کے سفر پر روانہ
    مزید معلومات کے لئے کلک کریں
    Link here>> http://goo.gl/Rk81bl
    Anti-islam Westboro church founder Fred Phelps Gone to Hell.
    ___________________________-
    ہالی ووڈ فلم نوح کیخلاف مسلم اور عیسائی متحد
    Link here>> http://goo.gl/mfspwp
    Christians join Muslims in condemning Russell Crowe's new £75million blockbuster Noah for its portrayal of Biblical figure –
    ___________________________-

    یہ ہے مغربی طرز زندگی جہاں ایک رئیلٹی شو میں ایک بہن اپنی سگی بہن کو بھی نہیں پیہچان سکی-شرم کا مقام ہے-ویڈیو دیکھیں
    Vdo Link here>> http://goo.gl/Yui0x5
    Western Type of Life Girl cant even recognize his sister the simple truth is show-Shame on that Culture-see. –
    ___________________________-

    برطانوی خاتون نےکتے سے ’شادی‘ کرلی
    کیا انسان اس حد تک بھی گر سکتا ہے؟
    تفصیلات کے لئے کلک کریں
    Link here>> http://goo.gl/0s6Ivx
    A British woman has married her dog, as she found all traits she looked for in a life partner, in her pet.
    ___________________________-

    Indian Builder Kept Three Small Sisters in His Custody And Raped Them For 18 Months –
    Vdo Link here>> http://goo.gl/54h8Iu
    Real Face of India
    ___________________________-
    Watch Live Cricket "ICC" T20 World Cup
    Link here>> http://goo.gl/YlZhtY
    Watch Live Cricket T20 World Cup Streaming
    ___________________________-

    اس شخص کو تو نوبل انعام دینا چاہیئے۔ دنیا میں ایسے لوگ بہت کم پائے جاتے ہیں۔ہا ہا ہا۔۔۔ ویڈیو دیکھیں
    Vdo Link Here:>>> http://goo.gl/lr2B6i
    This Rider Deserve To Be Winner Of Roadies
    ___________________________-

    دو لڑکیوں کی آپس میں شدید ترین لڑائی . وجہ جاننے کے لیے ویڈیو دیکھیں
    Link here>> http://bit.ly/1gdNAc3
    Two Girls Fighting for their Boyfriend – Lolzz Must Watch –

  2. We are seeking genuine companies/ individuals looking for Loans to finance their business or expand existing ones. We also deal on all kind of Bank Instruments.

    [1]Project Funding / Financing
    [2] Unsecured loans, Commercial loans
    [3] Worldwide project financing
    [4] Equity Loan Financing
    [5] Personal Financing
    [6] Issuance and discount of all bank instruments like BG, SBLC, LC, MTN, POF, PPP
    [7]Bills of Exchange
    [8]Property Loan & Mortgage

    If Interested kindly contact:

    Contact : Mr Liu Xueming
    E-mail :[email protected]
    Skype ID: liu.xueming2

Comments are closed.