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KP govt issues termination notice of MD BoK

F.P. Report

PESHAWAR: Finance Department of Khyber Pakhtunkhwa issued a termination notice to Managing Director of Bank of Khyber (BoK), Shams-ul-Qayyum over violation of his contract.

Shams-ul-Qayyum was charged over breaking the section seven of his contract.  On Wednesday, in the cabinet the provincial government decided to terminate the MD BoK from his duties and on Thursday the government officially issued a notice in this regard.

Qayyum had leveled allegations against the Finance Minister Muzaffar Said of promoting corruption and nepotism and published a notice in the newspaper last year.

JI was demanding the termination of BoK chief but the CM was delaying the process and stopped his termination from the last year now JI had signaled to quit the coalition if the MD was not removed from his post,

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