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FWB may have a male president

TAHIR DHINDSA

ISLAMABAD: The government is actively considering to appoint a male as a president of the First Women Bank (FWB), Ishrat Hussain, Governor of the State Bank of Pakistan said on Thursday.

He said, already the State Bank of Pakistan has given a go ahead signal to the Ministry of Finance to select some male professionals for the job, if any suitable female candidate was not available.

To a question he said, the bank is in very bad shape and immediate official interference has become necessary to reverse the decline. Ishrat said, at the moment the capital base of the bank is weak which cannot even support its on-going operations. In addition to that he said, bad portfolio was a considerable proportion of its total capital base and the margin is growing further.

On top of every thing he said, the staff of the bank is demoralised which has reduced efficiency.

Ishrat said, now the bank, therefore needs massive restructuring and complete redirection.

In view of all this the government has been asked to appoint a male president who can handle the task, he concluded.