KARACHI The National Bank of Pakistan has denied that NBP Chairman and President have resigned from their offices or that they faced any corruption charges. Mr Aamir Abbasi, Head of Corporate Communications, also denied that Mr Qamar Hussain holds a fake degree. We understand that the author may have been influenced by a baseless petition recently filed in the Supreme Court by a dismissed employee of the bank which is vehemently denied and vigorously defended in the Court. The statement said: It is also worth mentioning that today NBP has become an extremely strong and stable financial institution which is evident from its balance sheet and profit and loss account for the last 10 years and by no means its credibility is damaged or rights of shareholders violated. NBPs financial performance has been remarkable and its pre-tax profit has remained above Rs.20 billion since 2006. Pre-tax profits have increased from Rs. 1 billion in 2000 to Rs.24.42 billion in 2010. The dividend given to the shareholders has increased from a meagre less than Rs.500 million to Rs.10 billion in 2010. Today NBPs asset base is above Rs. 1 trillion. Also the Bank has been rated AAA and A1+ by an independent rating agency JCR-VIS for past six years which is a clear indication of its performance and credibility. AAA and A1+ are the best possible ratings that can be given to a Company. Thus it makes no sense to suggest that shareholders interests have been violated. This outstanding performance has been achieved first under the leadership of Mr Ali Raza and now under Mr. Qamar Hussain. Both these officials have served bank with great devotion, competence and total integrity. As for the degree of Mr Hussain, the statement that he holds an MBA degree in International Business and France from McGill University, Montreal, Canada.