Court stays sacking of BoK MD

Published: September 13, 2017


PESHAWAR: The Peshawar high Court (PHC) on Tuesday stayed the termination letter issued to Managing Director of the Bank of Khyber (BoK) Shamsul Qayyum by the Khyber Pakhtunkhwa (K-P) government.

The two member bench, comprising Justice Roohul Amin Khan and Justice Muhammad Younis Thaheem, issued the stay order while hearing a writ petition filed by the managing director.

The court, during the hearing, also questioned whether the K-P government has the right to remove the head of the BoK in the manner Qayyum was fired. The court also directed the K-P government to submit its response.

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The K-P government has charged the BoK’s managing director with breaching section seven of his contract by publishing advertisements in which he leveled allegations against K-P Finance Minister Muzafar Said. Qayyum had accused Said of corruption and nepotism in the notice printed last year.

After his sacking, Qayyum had filed the petition on the basis that the termination order is ‘unconstitutional’ and ‘illegal’ as it is against the rules set by the State Bank of Pakistan.

Qayyum has told the court his termination from service is against the SBP rules as the letter must be issued on a two-month notice, whereas the managing director’s removal order was issued within seven days.

However, the additional advocate general told the court that Qayyum’s notice has been issued according to the rules.

The K-P finance minister, chief secretary and secretary finance have been named as respondents in the petition.

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