PM appoints Saeed Ahmad as President NBP - BY: Nizami Khaled

There is a case pending in the IHC wherein Saeed Ahmad was allegedly involved in money laundering for Nawaz Sharif. His name existed in the affidavit submitted by the Finance Minister Ishaq Dar to NAB in the Hudaibiya case.

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Subject: PM appoints Saeed Ahmad as President NBP

Prime Minister Mian Muhammad Nawaz Sharif has appointed Saeed Ahmad as President National Bank of Pakistan (NBP). Saeed has been serving as Deputy Governor State Bank of Pakistan (SBP) since January 21, 2014 where he had been actively looking after the financial markets, Islamic Banking, Development Finance, Information Technology, Payment Systems and Special Initiatives Groups.

His vision has been driven by financial inclusion aimed at all segments of the society as well as poverty alleviation. Moreover, Saeed has been leading various initiatives aimed at promoting Islamic Banking in the country.

Saeed boasts extensive commercial and investment banking and management experience.

Saeed has served as Chairman National Steering Committee on Islamic Finance. The Committee has been working on drafting a framework for the promotion of Islamic Finance in the country. Moreover, Saeed has played a vital role in the establishment of three Centers of Excellence in Islamic Finance in three national universities. He is also Chairperson for Coordination Committee for Centers of Excellence for Islamic Finance Education.

Moreover, Saeed had also been focused on developing a smooth flow of financial services to agriculture, microfinance, SMEs, low-cost housing. He had also been involved in devising various market instruments.

In the capacity of Deputy Governor, Saeed was involved in key decision making in the bank. He chaired the Banking Policy Committee, Investment Committee of the Management, Management Committee on Information technology and Payment Systems Policy Committee and was also a member of the teams on Monetary Policy and Monetary Operations Committees.

To add to that, Saeed Ahmed has also been representing SBP in various national institutions. He is a member of Board of Directors of Securities and Exchange Commission of Pakistan (SECP) in addition to chairing the SAARC Payments Council which primarily deals with the exchange of information and experiences involving payment systems.

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Date: Thu, Mar 16, 2017 at 12:49 AM
Subject: IHC adjourns hearing of petition filed against SBP deputy governor

The Islamabad High Court (IHC) has issued a notice to the Ministry of Finance in a petition filed against the appointment of the Deputy Governor State Bank of Pakistan (SBP). The single bench of the IHC headed by Justice Moshin Akhter Kiyani conducted the hearing of the case. The petitioner through his counsel G.M.Chaudhry Advocate, adopted that Deputy Governor SBP Saeed Ahmed, was allegedly involved in money laundering cases and can manage to escape abroad after the judgment of the Panama case against Prime Minister Nawaz Sharif adding that his name also existed in the affidavit submitted by the Finance Minster Senator Ishaq Dar. The petitioner prayed that as the bank accounts of the Deputy Governor SBP had been used in money laundering therefore he should be stopped to perform official duties and his name should be included in the Exit Control List (ECL). He also requested the court to order the Director General FIA to initiate an inquiry against him. Later, the court adjourned the hearing of the case till 13 April.

Posted on Mar 24, 17 | 4:19 am