Abdul Wahid Sethi, Chief Financial Officer of the National Bank of Pakistan (NBP), has been appointed as the bank’s acting President following the conclusion of Rehmat Ali Hasnie’s tenure.

Sethi’s appointment was made by the Finance Division of the Government of Pakistan and disclosed to the Pakistan Stock Exchange (PSX).

He will oversee NBP’s day-to-day operations for up to three months or until a permanent President and CEO is appointed, whichever comes earlier.

Key Takeaways

• Bank: National Bank of Pakistan
• Acting President: Abdul Wahid Sethi
• Previous President & CEO: Rehmat Ali Hasnie
• Sethi’s current role: Chief Financial Officer
• Appointed by: Finance Division
• Term: Up to three months
• End condition: Until permanent chief executive is appointed
• Bank ownership: State-owned
• Disclosure: Pakistan Stock Exchange

Abdul Wahid Sethi Takes Interim Charge

Abdul Wahid Sethi has assumed the role of acting chief of NBP after Rehmat Ali Hasnie’s tenure ended on August 21, 2026.

Sethi already serves as the bank’s Chief Financial Officer, giving him an existing senior management role within the institution as he takes temporary charge of its overall operations.

His appointment provides continuity at NBP while the government works to select a permanent President and CEO.

Finance Division Makes Interim Appointment

The Finance Division assigned Sethi the acting position, with the appointment subsequently disclosed through a notice submitted to the PSX.

The interim arrangement is designed to maintain leadership continuity at the state-owned bank while the permanent appointment process continues.

Sethi’s mandate is limited to up to three months, unless a permanent chief executive is appointed earlier.

NBP Continues Under Interim Leadership

As acting President, Sethi will oversee the bank’s day-to-day operations during the transition period.

The appointment ensures that NBP continues to have an executive leader following the departure of Rehmat Ali Hasnie.

The government’s next major task will be completing the process of selecting a permanent head for one of Pakistan’s largest state-owned financial institutions.

Leadership Transition at NBP

The appointment comes shortly after the government extended Hasnie’s tenure for two weeks before his term formally ended.

Sethi’s interim appointment now provides a temporary leadership arrangement while the government searches for a permanent successor.

The eventual appointment of a new President and CEO will determine NBP’s leadership direction for the next phase.

Why This Matters

• Abdul Wahid Sethi has been appointed acting President of NBP.
• Sethi previously served as the bank’s Chief Financial Officer.
• His appointment follows the end of Rehmat Ali Hasnie’s tenure on August 21.
• The Finance Division made the interim appointment.
• Sethi will oversee NBP’s operations for up to three months.
• His acting tenure can end earlier if a permanent chief executive is appointed.
• The appointment provides leadership continuity while the government completes the permanent selection process.

Frequently Asked Questions

Who is the acting President of NBP?

Abdul Wahid Sethi, who serves as NBP’s Chief Financial Officer, has been appointed acting President.

Why was Abdul Wahid Sethi appointed?

He was appointed to provide interim leadership and operational continuity after Rehmat Ali Hasnie’s tenure as President and CEO ended.

Who appointed Sethi as acting NBP President?

The Finance Division of the Government of Pakistan assigned him the acting role.

How long will Sethi serve as acting President?

His appointment is for up to three months or until a permanent President and CEO is appointed, whichever occurs first.

What was Sethi’s position before the appointment?

Sethi was serving as Chief Financial Officer of National Bank of Pakistan.

Who was NBP’s previous President and CEO?

Rehmat Ali Hasnie served as President and CEO until his tenure ended on August 21, 2026.

Will Sethi become NBP’s permanent President?

The appointment is interim. The government is separately working toward appointing a permanent chief executive.