Islamabad: The Government of Pakistan has appointed Abdul Wahid Sethi, the Chief Financial Officer of the National Bank of Pakistan (NBP), as the acting President and CEO of the bank, as per a notification from the Finance Division. The announcement was made on August 21, 2026, through notification number F.No. 1(33) Bkg-III/2018.

Mr. Sethi will assume the role for an interim period of three months or until a regular President and CEO is appointed, whichever comes first. The decision aligns with the Corporate Governance Regulatory Framework, ensuring continued management of the bank’s day-to-day operations during the transitional phase.

According to information available from the Pakistan Stock Exchange (PSX), this appointment comes at a critical time for NBP, as it navigates through fluctuating market conditions. The bank is a prominent player in the financial sector, contributing significantly to the designated market category.

The notification is scheduled to be published in the Official Gazette of Pakistan, indicating the formalization of Mr. Sethi’s temporary leadership. His experience as CFO is expected to provide stability and continuity for the bank’s strategic initiatives in the interim period.