Govt Appoints Amir Fida Paracha as MD Pakistan Bait ul Mal

The Federal government has appointed Amir Fida Paracha as the new Managing Director of Pakistan Bait-ul-Mal. The cabinet through circulation has approved the summary for the appointment of Paracha, an official source told ProPakistani  on behalf of the government.

Malik Zaheer Abbas de-notified as Managing Director (MD) of Pakistan Bait-ul-Malaysia (PBM) by the Federal Government. The post of Managing Director, PBM fell vacant and requires to be filled by a suitable candidate.

The Cabinet has approved the appointment of Amir Fida Paracha as Managing Director, Pakistan Bait-ul-Mal (PBM) in accordance with Section 9(1) of the PBM Act, 1991. Paracha will hold the position for a period of three years.