Loss of billion of rupees caused to SBP is incompetence of management : CJP

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ISLAMABAD : Chief Justice of Pakistan (CJP) Gulzar Ahmad has remarked the officers of State Bank of Pakistan (SBP) increased their salaries instead of other employees of the bank and the entire management of SBP should have been removed as loss of billion of rupees was caused to bank and such huge loss was inflicted due to incompetence of SBP management.
He further observed when such matters come before us they pain us. How much shameful it is that the big officers draw salaries and devastate the institutions.
CJP gave these remarks while presiding over two members bench of Supreme Court (SC) during the course of hearing of State bank appeal plea pertaining to golden hand shake scheme here Thursday.

The counsel for the employees told the court the counsel for the SBP has not even attached the relevant documents.

Justice Mazahir Ali Akbar Naqvi inquired how much money the institution had to pay later due to this act.

The counsel for the SBP told the court the bank had to pay about 2 billion rupees.

The court while admitting the appeal plea by SBP for hearing adjourned the hearing of the case for indefinite period.

SBP has filed appeal plea in SC against the Islamabad High Court decision.