Daily The Business

Dr Reza Baqir likely to become SBP governor: sources

  • Dr Baqir is presently serving as IMF’s resident director for Egypt

Dr Reza Baqir has been cited by sources as the frontrunner to become the State Bank of Pakistan governor after Tariq Bajwa tendered his resignation from the high office of the central bank late Friday.

Dr Reza Baqir is presently serving as the International Monetary Fund’s resident director for Egypt.

Dr Baqir has also served as the IMF mission chief for Romania and Bulgaria and has worked at the IMF for over 16 years, besides working at the World Bank and other international monetary institutions.

According to a media report, names of Ashfaque Hassan Khan, Dr Waqar Masood and Dr Wajid Rana have also being tipped for the top slot of SBP.

“The matter has been at the consultation level while a final decision in this regard has not been made as yet,” said sources.

It is pertinent to mention that apart from SBP governor Tariq Bajwa, Federal Board of Revenue (FBR) chairman Dr Jahanzeb Khan had also tendered his resignation on Friday.

According to sources, the names of Dr Ahmed Mujtaba Memon, Javed Ghani and Fazal Yazdani Khan have been under consideration for the position of FBR chairman.

They said that unsatisfactory economic conditions triggered the recent changes.

It was learnt that Prime Minister Imran Khan was unhappy with the State Bank governor due to the continuous devaluation of Pak Rupee, while lack of reforms in the revenue board had also irked the prime minister.

Sources further revealed that the prime minister had earlier asked former finance minister Asad Umar to change the heads of SBP and FBR, but owing to the minister’s own resignation, the matter got delayed.

Leave A Reply

Your email address will not be published.