Syed Asad Ali Shah Appointed as Director of The Bank of Khyber

Peshawar: The Bank of Khyber announced the appointment of Syed Asad Ali Shah as a Director on its Board following an extraordinary general meeting held on May 31, 2024. Shah met the stringent “Fit and Proper Test” criteria set by the State Bank of Pakistan, taking on the directorial role effective immediately.

This significant decision came after careful deliberation and adherence to the governance standards required by the State Bank of Pakistan, which underscore the integrity and suitability of candidates for key financial positions. According to information available from the Pakistan Stock Exchange (PSX), Syed Asad Ali Shah has been entrusted with substantial responsibilities to help steer the Bank towards achieving its strategic financial goals.

The Bank’s notification issued on October 16, 2024, by Sara Shah, indicated that Syed Asad Ali Shah’s new role is crucial for maintaining the trust of TRE Certificate holders of the Exchange, highlighting the importance of transparent and capable governance within the banking sector.

The Bank of Khyber operates under the regulation of the State Bank of Pakistan, which ensures that all appointed board members not only meet but exceed the requirements designed to uphold financial integrity and public confidence in the banking system.

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