ISLAMABAD - The Islamabad High Court (IHC) Tuesday ordered to remove Arif Usmani and Zubair Soomro from the offices of National Bank of Pakistan (NBP) President and Chairman Board of Directors (BoD).
A single bench of IHC comprising Justice Mohsin Akhter Kayani announced the verdict which he had reserved after hearing the arguments of all parties in four identical petitions challenging the appointment of the National Bank of Pakistan (NBP) president and its chairman.
The court directed the federal government to immediately remove the National Bank of Pakistan (NBP) President, Arif Usmani, and board of directors (BoD) Chairman, Zubair Soomro.
The IHC bench announced this judgment after hearing the petitions moved by four citizens including Syed Jahangir, Javed Iqbal, Fazal Raheem and Latif Qureshi.
Earlier, Usmani’s counsel, Ahmed Bilal Sufi, adopted the stance that the NBP had earned good profit under stewardship of current president. He also presented a research by The Wall Street Journal which argues that physics graduates are successful in every field. The court remarked that if a degree has no connection with a field then a judge could also be appointed as a bank head.
Advocate GM Chaudhry, the counsel of Latif Qureshi, stated that then there were also other people who had topped in physics. He added that this had also violated their rights as they were also entitled to give application for the post in the same way.
Soomro’s lawyer said that the petitions are based on malafide intentions as the petitioner is not an affected party. Advocate Waqar Naqvi replied that any person can file a petition in any case as per the constitution. He added that there is a new cause of action every day in illegal appointments, while Transparency International Pakistan (TIP) has reported corruption in the bank.
Advocate Shahid Kamal in his arguments said that Usmani had shared his CV with Asad Umar and the president has also admitted it many times. He also read out the transcript of Usmani’s interview in the court.
