The State Bank of Pakistan (SBP) Wednesday officially removed the President of Bank of Punjab (BOP) .
The State Bank in a statement said that the President BOP was not ‘fit and proper’ to hold the portfolio any longer.
President BOP Talib Rizvi was appointed by the Government of Punjab.
He was appointed as President and Chief Executive Officer of the BOP in April, this year.
The State Bank of Pakistan (SBP) clarified on July 22 that it had not allowed banks and their branches to sell and buy foreign currencies from the public across the country. —INP