ISLAMABAD -- A parliamentary committee has expressed its displeasure on the absence of State Bank of Pakistan governor and National Bank of Pakistan (NBP) president from the meeting.
Meeting of the Standing Committee on Finance, Revenue and Economic Affairs of the National Assembly was held under the chairmanship of Faiz Ullah, MNA. Due to the absence of Governor SBP and President NBP, the committee deferred the agenda pertaining to SBP and NBP, and decided that next meeting of the Committee would be convened in Karachi.
A representative from NBP informed that President, NBP could not attend the meeting due to delay of flights from Karachi to Islamabad. The Committee members were of the view that governor SBP and president NBP should arrive well in time in Islamabad.
Member (Custom Operations), FBR replied the questions raised by the committee members with regard to the hurdles being faced by the importers at Karachi Port. The Committee decided that an exclusive meeting will be held in that regard.
President, Zarai Taraqiati Bank Limited (ZTBL) briefed the Committee about the organizational structure and core operations of the Bank i.e. disbursement of loans through various pre-designed lending schemes, covering the productivity and value addition model, recovery of advances/outstanding loans, deposits and resource mobilization and treasury operations. The Committee noted the higher rates of interest by the Bank. The Committee also expressed...