Veteran banker Ashraf Wathra appointed chairman NBP  

The government has appointed Ashraf Wathra as Chairman Board of Directors of the National Bank of Pakistan (NBP) and Nasim Ahmed and Ali Syed as directors.

A notification issued by the Ministry of Finance says in exercise of power conferred under Section 11 (3) (a) of the Banks (Nationalization) Act 1974, the federal government has appointed Chairman/ Directors of the Board of Directors of the National Bank of Pakistan for a term of three years subject
to clearance of fit and proper criteria of the State Bank of Pakistan.

Official sources said a summary was moved for appointment of the NBP president but so far, no decision had been taken by the government.

Ashraf Mahmood Wathra also served as the 18th Governor of State Bank of Pakistan from 2014 till 2017.

Wathra represented Pakistan at several international forums. He served on the board of governors of the International Monetary Fund, Asian Clearing Union and ECO Trade and Development Bank. He also served as council member of Islamic Financial Stability Board.