*ISLAMABAD: The federal cabinet on Friday approved appointment of ArifUsmani as new CEO and President of the National Bank of Pakistan (NBP).*
The approval came during a meeting of the cabinet presided over by PrimeMinister Imran Khan in Islamabad today.
The post of NBP president was lying vacant after the government suspendedformer president Saeed Ahmad on a request by the National AccountabilityBureau over his alleged involvement in a money laundering case. The PTIgovernment suspended Saeed Ahmad on August 28, 2018.
The finance ministry had earlier moved a summary for the appointment of NBPpresident after short listing potential candidates, including Arif Usmani,Javed Kureshi, Nadeem Lodhi and Wajahat Hussain.
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The cabinet, however, approved the name of Arif Usmani for the post of theNBP chief.