NBP to brief NA body on new pro­mo­tion pol­icy

The Pak Banker - - NATIONAL - IS­LAM­ABAD -APP

The Na­tional Assem­bly's Stand­ing Com­mit­tee on Fi­nance, Rev­enue, Eco­nomic Af­fairs would be thor­oughly briefed to­day by the man­age­ment of Na­tional Bank of Pak­istan (NBP) on the new ap­point­ment and pro­mo­tion pol­icy of the bank.

The NA body dur­ing its last meet­ing held on De­cem­ber 19 had directed the bank man­age­ment to present a de­tailed re­port of re­cruit­ment made un­der this pol­icy, as it had ex­pressed se­ri­ous reservation over the new merit pol­icy of the bank.

Un­der the new pol­icy, the weight-age of in­ter­view for any post of se­nior level had been en­hanced up to 50 per­cent, which the com­mit­tee opined would com­pro­mise merit-based ap­point­ments in the bank.

The com­mit­tee which is sched­uled to meet un­der the chair­man­ship of Qaiser Ah­mad Sheikh would be pro­vided de­tails of re­cently pro­moted of­fi­cials and of­fi­cers of the bank along with the breakup of marks, per­for­mance, ACR, length of ser­vice and in­ter­views.

The bank would also present de­tails of com­po­si­tion and qual­i­fi­ca­tion of the heads of mem­bers of the HR Com­mit­tee for all the cat­e­gories on which ap­point­ments have been made.

The com­mit­tee dur­ing its last meet­ing had ex­pressed the view that the NBP should con­sider other qual­i­fi­ca­tions in­clud­ing ex­pe­ri­ence and per­for­mance for pro­mot­ing any of its em­ploy­ees and was of the view that the new pol­icy should be re­vis­ited for the bet­ter na­tional in­ter­est.

In ad­di­tion, the NA body is also sched­uled to be briefed by the Sec­re­tary Eco­nomic Af­fairs Di­vi­sion on the work­ing and func­tion­ing of the di­vi­sion also with the de­tails of for­eign loans and fund­ing, ac­cord­ing to NA Sec­re­tar­iat no­tice.

The Se­cu­ri­ties and Ex­change Com­mis­sion of Pak­istan (SECP) would brief the com­mit­tee on in­sider trad­ing in stock ex­change, role of SECP and preven­tive mea­sures taken by the gov­ern­ment in this re­gard.

The com­mit­tee would also con­sider 'An Erad­i­ca­tion of Riba Bill 2015 and 'the Con­troller Gen­eral of Ac­counts (Ap­point­ments, Func­tions and Pow­ers)(Amend­ment Bill 2017, it added.

More­over, The Fed­eral Board of Rev­enue (FBR) would brief the Se­nate Stand­ing Com­mit­tee on Fi­nance, Rev­enue, Eco­nomic Af­fairs and Nar­cotics Con­trol here to­day on the anomaly of with­hold­ing tax de­ducted on bonus share is­sue in re­spect of mu­tual funds. The com­mit­tee, which is sched­uled to meet un­der the chair­man­ship of Sen­a­tor Saleem Mand­vi­walla would also dis­cuss with the FBR the rules made un­der Be­nami Act 2017.

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