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Raza Baqir appointed State Bank governor

May 4, 2019
 

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Dr Raza Baqir has been appointed new governor of the State Bank of Pakistan, according to a notification issued by the finance division.

His appointment was approved by President Arif Alvi. He will remain the head of the SBP for the next three years. His three years will start from the date he assumes office.

Baqir is currently serving as the IMF’s representative for Egypt.

He has also served as the Fund’s mission chief for Bulgaria and Romania and chief of the IMF’s Debt Policy Division for four years.

He has worked at the IMF for over 16 years. He has also worked at the World Bank, MIT and Union Bank of Switzerland.

The federal government removed Governor State Bank Tariq Bajwa and Federal Board of Revenue Chairperson Jahanzeb Khan from their offices on Friday.

Both the bosses resigned from their offices after they were told to forward their resignations to the prime minister’s office.

The decision to remove the two senior officers had already been taken while former finance minister Asad Umar was still in office.

However, the decision was executed following consultation with Adviser to the Prime Minister on Finance Hafeez Sheikh.

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2 Comments

  1. Avatar
    Muhammad Irfan   May 5, 2019 7:29 pm/ Reply

    Now IMF is governing the Pakistan’s economy which is also negating the statemnets given by PM before election. Khan sb U turn change the politics view in Pakistan. In my opinion common peoples life will be under finincial threats.

  2. Avatar
    Nisar Ahmed   May 14, 2019 4:28 pm/ Reply

    IMF loan will help Pakistan to the stabilized economy. Corrupt mafia has destroyed Pakistan economy.

    The country is in a difficult situation. Real problems are much bigger than political speeches.

    Imran khan trying to build new Pakistan.

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