Ineligible hiring at Exim bank

ISLAMABAD: The federal government has decided to hire a new head of Pakistan’s Export-Import (Exim) bank amid a disclosure of discrepancy in the age of the incumbent president, which should have made him ineligible for the appointment four years ago. Sources in the Ministry of Finance told The Express Tribune that a decision has been made to expedite the process for the appointment of the chief executive officer and the president of the Exim Bank of Pakistan. This decision was taken after it surfaced that the incumbent chief executive did not meet the eligibility criteria at the time of his appointment in December 2019, according to officials. In July last year, the federal cabinet had extended the tenure of the chief executive of the Exim Bank for a period of six months or until a new appointment, whichever is later. But the Ministry of Finance was now considering stopping the president from attending the office, said the sources.