Bank of Khyber faces resignation crisis

PESHAWAR: Bank of Khyber is facing a severe crisis of resignations. After the resignation of Managing Director Ali Gul Faraz and Senior Executive Vice President and Chief Risk Officer Haroon Zameer, Mir Javed Hashmat, a member of the Board of Directors (BoD), has also resigned.

According to sources, more bank officials are also considering resigning. Mir Javed Hashmat has sent his resignation to the secretary of the bank, a copy of which is available with this scribe.

He wrote in his resignation letter that in view of a very unhealthy environment and poor governance in almost all of the areas in the bank, I am not in a position to continue any more to tolerate this situation and hence tender my resignation from the Board. 

“One of the reasons is also very much external interference in the banks affairs trying to influence my independence in decision making”, he said

While talking to this correspondent, he said that there was a lot of tension in the board, no decision was being taken by consensus and the government members kept making their own decisions due to the majority, while the private members could not stop the wrong decisions due to being in the minority.

He said that there was a lot of interference in the bank during the tenure of the PTI government, so I should resign beforehand. It may be recalled that the MD and senior executive officer had also resigned due to differences in the bank.