ISLAMABAD, April 19: Eight ex-personnel of the armed forces were inducted in different banks and development financial institutions (DFIs) on a contract basis in January, 2001.

The National Assembly was told in a written reply here on Friday that of the eight, three were appointed in Zarai Taraqiati Bank Limited (ZTBL), one in the HBL, one in the NBP, one in the First Women Bank, one in the Industrial Development Bank of Pakistan (IDBP) and one in the Pakistan Industrial Credit and Investment Corporation.

PM’s Adviser on Finance Mr Shaukat Aziz, while replying to a question asked by Farid Ahmad Paracha, said that the services of these ex-army personnel were hired because of their experience in planning and implementing proper security measures to safeguard the bank buildings and other assets.

He said Major Syed Ali Asghar (retired) was appointed in the NBP as regional security officer who was drawing a salary of Rs22,000 per month but had no previous banking experience.

Similarly Lt-Col S. A. Kausar (retired) was appointed in the HBL as vice-president and security in-charge at Karachi and was drawing a salary of Rs45,000. He too had no previous banking experience.

Major Shamshad Ali Khan (retired) was appointed in FWB as security officer and was getting a salary of Rs22,000 but had no banking experience. Capt Haseeb Bin Mushtaq (retired) was appointed in the IDBP as officer to monitor branches and general administration at Rs10,000 per month but had no previous banking experience.

Lt:Cdr M. Saeed Khan (retired) was appointed in the PICIC as head of IT Division on a monthly salary of Rs75,000. He has 2 years’ experience of working in ICP.

The three officers inducted in the ZTBL are Lt:Col Jubran Afzal (retired) as head (security planning) at a Rs19,000 per month salary, Maj M. Bashir Akhtar (retired) as joint head (security planning) with Rs17,500 as salary and Maj Nasir Nazir (retired) as joint head (security planning) with a salary of Rs20,000.