ISLAMABAD: Keeping in mind its privatisation, the federal government has notified National Bank of Pakistan (NBP) as ‘a body corporate’ and its staff outside the purview of government service, civil service or the public service.

The NBP has also been included in the list of nine public sector enterprises (PSEs) the government plans to divest its shareholding through capital market transactions.

Based on the government notification, the National Bank has directed all its executives, officers and staff to surrender their government passports forthwith, change their status as government officers from the passport column and not to present themselves as government servants, public servants or civil servants.

A notification issued by the ministry of finance said the decision to declare the bank as body corporate was made after proper legal opinion obtained from the ministry of law and independent legal opinion sought by the NBP from three separate law firms.

The finance ministry said the Ministry of Law, Justice and Human Rights had been consulted before issuance of the notification.

“They have opined that under Sub-section (2) of Section 3 of the National Bank of Pakistan Ordinance, 1949 (XIX of 1949), the bank shall be a body corporate having perpetual succession and a common seal and shall sue and be sued.”

The law ministry also held that NBP had a juristic personality and its employees were not civil servants nor have been declared public servants within the meaning of section 21 of the Pakistan Penal Code, 1860 (Act XLV of 1860).

Earlier, the NBP management had also observed that its executives, officers and staff were not required to secure No Objection Certification (NOC) for traveling abroad.

The law ministry endorsed the viewpoint that no provision of the law had been found whereby employees of NBP would be classified as ‘ Public Servants’ or ‘Civil servants’ or ‘Government servants’.

Therefore, employees of NBP do not declare themselves as “government servants/civil servants/public servants.”

When applying for passports, this would not be an offence with reference to the Passport Act.

As a consequence, the NBP directed all of its executives, directors, general managers, and employees who had their existing or valid passports mentioning government officer to change their occupation column immediately to prevent any offence under the passport act.

“Now, the NBP employees are exempted to obtain necessary NOC from head office for obtaining international passport in future,” the bank notification concluded.

Published in Dawn, January 22nd, 2016

Follow Dawn Business on Twitter, LinkedIn, Instagram and Facebook for insights on business, finance and tech from Pakistan and across the world.

Opinion

Editorial

Confused state
Updated 05 Jan, 2025

Confused state

WHEN it comes to combatting violent terrorism, the state’s efforts seem to be suffering from a lack of focus. The...
Born into hunger
05 Jan, 2025

Born into hunger

OVER 18.2 million children — 35 every minute — were born into hunger in 2024, with Pakistan accounting for 1.4m...
Tourism triumph
05 Jan, 2025

Tourism triumph

THE inclusion of Gilgit-Baltistan in CNN’s list of top 25 destinations to visit in 2025 is a proud moment for...
Falling temperatures
Updated 04 Jan, 2025

Falling temperatures

Vitally important for stakeholders to acknowledge, understand politicians can still challenge opposing parties’ narratives without also being in a constant state of war with each other.
Agriculture census
04 Jan, 2025

Agriculture census

ACCURATE information relating to agricultural activities is vital for data-driven future planning, policymaking, as...
Biometrics for kids
04 Jan, 2025

Biometrics for kids

ALTHOUGH the move has caused a panic among weary parents mortified at the thought of carting their children to Nadra...