ISLAMABAD: The government has approved appointment of Arif Usmani as president of the National Bank of Pakistan on Tuesday, a notification issued here says.

According to the notification, the federal government has appointed Arif Usmani as the president of the NBP under the Section 11 (3)(a) of the Banks (Nationalisation) Act, 1974.

Mr Usmani has been made President of the NBP for three years with immediate effect, the notification reads.