ISLAMABAD (Eshfak Mughal):- The Finance Ministry has forwarded six names to the Prime Minister’s Secretariat for the appointment of new Governor State Bank of Pakistan.

Currently, Deputy Governor Syed Murtaza is performing as acting Governor State Bank since 6 May 2022.

It is important to mention here that the Governor State Bank Dr Reza Baqir had relinquished his charge after the completion of his three year tenure on May 04, 2022.   

According to sources, the Finance Ministry has forwarded six names to the Prime Minister’s Secretariat including former President National Bank Dr Saeed Ahmed, Asim Meraj Hussain, Acting Governor State Bank Murtaza Syed, Managing Director Punjab Bank Zafar Masood, Deputy Governor State Bank Muhammad Jameel and former Governor State Bank Muhammad Ashraf Khan for appointment of new Governor State Bank.

Sources say that the Federal Cabinet will approve the appointment of new Governor in its next meeting which is expected tomorrow under the chairmanship of Prime Minister.

Earlier, Finance Ministry appointed non-Executive Directors of the Board of Directors of the State Bank on Friday.

According to the notification, the government has nominated 8-non-Executive Directors of the Board of Directors of the State Bank of Pakistan.

The President of Pakistan has appointed Dr. Ali Cheema, Dr Akbar Zaidi, Tariq Mahmood Pasha, Najaf Yawar, Fawad Anwar, Nadeem Hussain, Mahfooz Ali Khan and Zahid Fakhar Ul din Ebrahim as non-Executive Director for five years on the recommendation of the government.

Last week, Finance Minister Miftah Ismail had said that the government will complete appointment process of Governor State Bank by next week. He said that the government is going to announce the names of Board of Directors of the SBP today and next week, new governor will be appointed.

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